my guesstimate for finance was simply based on AUQ history. Not a single event so far has proceeded without delays in one form or another. Why should finance be an exception especially as it requires the outlay of someone else's money? Previous permit/licence granting only required signatures and they couldn't even get those in a timely manner - so when a big chunk of money is at stake?
I'll be very surprised if financing proceeds smoothly, not impossible of course, but IMO highly unlikely.
Despite my recent negativity inspired by lack of progress to date I nevertheless believe AUQ will slowly improve over time but will never be as well regarded by the market compared to similar companies operating elsewhere. I doubt AUQ will ever be anything but a very ordinary low priced stock - just my opinion - unless the KSA deal magically happens. I don't give a lot of weight to varying commodity prices that's just their nature and I'm sure the financing parties would have accounted for that in their models. So we're left with a company which has performed badly for many years with mediocre prospects into the future short of a miracle happening. For most investors the journey so far has been nothing but a dreary procession of waiting periods for little or no reward and the future doesn't promise to be that much different. On what's known so far, even with a mine in production (2 years away) what's the sp likely to be? 10-15c? I'm sorry I ever got involved with AUQ but I'll stick around a bit longer to see what happens after finance happens.
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Last
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.13M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.2¢ | $119 | 3.708K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 226510 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 17306 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 462260 | 0.030 |
1 | 85255 | 0.029 |
2 | 320963 | 0.027 |
1 | 85000 | 0.026 |
1 | 200000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 14710 | 1 |
0.034 | 618326 | 3 |
0.035 | 650000 | 3 |
0.036 | 32000 | 1 |
0.038 | 300000 | 3 |
Last trade - 15.00pm 27/11/2024 (20 minute delay) ? |
AUQ (ASX) Chart |