AUC 0.00% 2.7¢ ausgold limited

Ann: Resignation of Director, page-40

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    Thanks for the update! Explains the selling pressure in recent months. The company needs to continue their marketing and increase the newsflow to keep these major investors interested, otherwise naturally they will be looking at other options. The market updates and shareholder engagement has been quite poor lately Imo. I don't know if the top 20 would get any additional information or communications, but probably not with some 10% plus sell downs. Most companies are very good at maintaining their relationships with the top 20 crew. Because any change within the top 20 can increase volume and alter the share price quite considerably whether they are buying or selling. Obviously in this latest case they have been selling, hence why we are still a 4c stock. Hopefully with newsflow such as Li exploration updates and/or the resource update this will start to change.
    Last edited by coto: 03/08/23
 
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