Hi Freehold.
Thankyou for this forum and your efforts in promoting it. Greatly appreciated.
long AUK Auger Resources:
Auger is overdue to announce a JORC resource for a porphry gold copper deposit at Wonogiri in Indonesia. SP is nudging up from lows.
AUK will earn 80% of this project. They have had some significant drill holes. Eg..222.0 metres at 0.95 g/t gold and 0.20% copper (1.31 g/t gold equivalent) .
AUK has 175m shares currently. Sp has a 12 month high of 48c and is now trading at 4.6c. It reached a low of 3.3c on 28th June.
I believe AUK compares favourably to Robust (ROL) with 77% of Romang – a 33.5mt low grade resource .5gt Au and 17.7g/t Ag. ROL is trading @ 85c with 80m shares. Also (SIH) Sihayo 700m shares 19mt 2.7 g/t Au trading @ 13c.
Liquidity is an issue. Buy/sell gap on Friday was 4.4c buy and 6.4c sell.
I believe AUK can unveil a resource around 30-50 mt at around 1g/t Au + Cu credits. AUK should then be multiples of current sp).
Nicto
- Forums
- ASX - Short Term Trading
- weekend short term trade lounge 6th-8th july
weekend short term trade lounge 6th-8th july, page-19
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost