re: Ann: 1.54 Moz Gold Equivalent Wonogiri Pr...
The IAU experience will potentially sour any investment in Indonesia. I notice that ROL came out today clarifying their title to their Romang deposit.
AUK will have to do the same for Wongiri if it wants investors to have confidence. It also will need to announce more funding very quickly. I would suggest this could be delaying the quarterly.
As of last qtr cash was less than expected outflow. I reduced my holdings when the recent rise ran out of steam and will buy more once forward funding is announced. Wongiri could be a great project.
AUK Price at posting:
4.5¢ Sentiment: ST Sell Disclosure: Held
