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0.3¢ victory mines limited

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bageo1

213 Posts.

37

11/09/18

14:27

Post #: 35523131
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Originally posted by georgehall ↑

Do AUZ need some cash to pay for the taking up of the option for Flemington from JRV? They hold options on two tenements in the area, the big one in between VIC's Husky tenements hasn't been exercised. VIC could potentially be buying it?

I don't hold AUZ but it looks like it's costing them $3.4M, do they have that cash?

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Summary: AUZ secures $12 million investment from US fund

Price Sensitive: Yes

Seems they need cash. Complete guess the tenant would only raise around 3 million from VIC. But then AUZ would have $15m to support operations development.
VIC Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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