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AUC - AUSGOLD LIMITED


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  • 2 weeks later...

Ausgold lists on Tuesday following a heavily oversubscribed IPO.

 

It is a gold explorer with what looks like very promising ground.

 

$8m of the $10m raised is to be spent on exploration over the next two years.

 

Thundelarra Talisman Sipa and Chrysalis are near neighbours.

 

50M shares at 20c.

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This may be very well worth tracking as a pure gold explorer, be interesting to see how it lists on Tuesday and whether

the IPO is financially rewarding for the holders, whether it will be stagged for a quick profit, and following that given the ground

they cover if AUC will be a buy early next year---or if the stag boys push it up to 30c whether any new buyers go with the

market--or wait for the inevitable pull back.

 

Of course it may fail dismally--in which case again will it be a buy before Christmas?

 

(Not a subscriber to the IPO)

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