dag66,
actually i have. It just shows you its resilience doesn't it. Do you really think that it's share price would have held up if not for their stable balance sheets and gold play. This was precisely my point....my post was in relation to a fellow poster asking about its potential. As such, i replied....
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Not too worried at all with AUC compared to most of the other players. This is because they have enough in the treasury to last an 18 month vacation on capital markets. That's more than enough time to drill and work up some interesting results.
AUC have no debt and approx 7.8 million in cash with 1.1 million for next quarter's exploration activities.
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That was posted when the share price was at 29cps. As of this day, we have negative news on Dolgunna but positive news in the Jenkin Gold play. Te presentation by AUC's CEO was really good at the conference and i reckon that there were many fellow investors who jumped on board after looking at their figures.
Not a bad 24 pct profit margin on bad news...
dag66, actually i have. It just shows you its resilience doesn't...
Add AUC (ASX) to my watchlist
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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) ? |
| AUC (ASX) Chart |
