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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.



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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