30c AUL - next stop $1
Is that dildo ?
Keep watching flog.
$50m in gold sales in 2020 will deliver a $100m MC and that $15m will be worth $60m+.
Watch and learn. ThIs CR is at a MC of $10m. Post merger AUL will deliver $50m+ pa in revenue.
Will it trade on. PE of less than 1 or closer to 10 in the coming gold megabull market?
D13 raising more cash soon is it?
The certainty is that this company with these mines will never make sustainable profits.
As I’ve said before - the gold endowment is of medium to high grade (MS and A1), Maldon low grade, RoD ? and only lend themselves to hand held mining methods to maximise grade. The shoots are low tonnage and reserve drilling expensive. MS has good prospects at depth but getting there is not an option for this company with their funding limitations.
I am not a naysayer - merely trying to temper the up ramping by the resident cheerleaders who lack any real mining knowledge. No doubt there will be the sporadic pump and dump.
I hate seeing mums and dads being led down the garden path.
Surely most holders could see that they have all ready picked the eyes out of anything accessible and remotely close to being economic at MS and ROD.
Holders and management only got two options now.
Throw the hat around again and pray.
Throw in the towel and go away.