AUC 0.00% 42.0¢ ausgold limited

extremely similar to thx

  1. 3,351 Posts.
    Investors,
    this stock is probably the next kid off the blocks in the HOTZONE. After doing some DD [and i will do more during the weekend], i am quite sure that AUC will exhibit similar attributes to THX in relation to their progress.

    The fact that they have a possible copper-gold deposit as well as a gold deposit bodes well for the near term. Ample cash in the bank [7.9 million] that will give them a 18 month vacation in capital markets. In fact their expenditure for the next quarter [referring to cash-flow reports] is just 940k.

    If assay results [major push indicator] comes in positive, they will move to RC drilling and have more than enough money in their coffers. Taking THX's RC drilling expenditure into account [as they are in the same district] was 2.5 million [i.e. from exploration and drilling], we can see that AUC will be able to drill with no capital raising to shareholders.

    Current shares on issue is just 90 million listed.

    Hold on for a wild ride in the next 2 weeks. Air core drill results for the deposits are due.
 
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Last
42.0¢
Change
0.000(0.00%)
Mkt cap ! $153.2M
Open High Low Value Volume
41.5¢ 42.0¢ 40.8¢ $188.6K 455.8K

Buyers (Bids)

No. Vol. Price($)
1 30000 41.0¢
 

Sellers (Offers)

Price($) Vol. No.
42.0¢ 52715 1
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
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