AUC - AUSGOLD LIMITED

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Created by request:

AUSGOLD LIMITED (AUC)

 

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[flower]

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)

[flower]

Listing now finalised at 11.30am Perth time on Wednesday 16th December.

[flower]

AUC duly listed this morning and a quick 25% profit was taken by the stags.

[crowman28]

Catching a bit of interest today due to Sandfire? Good volume going through just above 20 cents. Fully cashed up around $10m in the bank, with highly prospective ground next door to SFR and ALY.

[tcisboss]

Crowman 3 to 4 weeks till Vtem from doolagunna next door to sandfire have been told they will drill as soon as vtem interpreted by AUC and of course they can get a rig on site.

[Share Cafe Admin]

Matthew GreenTree - Managing Director - presenting at this Friday's (24/6/22) Hidden Gems Webinar

 

Register HERE

 

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