AUC 5.56% 3.4¢ ausgold limited

Despite all that, in the current environment with record gold...

  1. 11,077 Posts.
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    Despite all that, in the current environment with record gold prices and established companies with deep pockets trying to get their hands on as many ounces as possible, we should be a lot higher market cap. So you have to understand people wondering WTF is going on?!

    To be honest from someone with decent experience in the gold market, It is crazy what is currently taking place considering KGP is fast approaching construction phase and being one of the last decent ready to go deposits in Australia. I think that once the property and mining leases are sorted out in the next 3 months there will be less risk and a huge break out will take place. Until then, lots of games are being played, but IMO, these are the best times to be accumulating because we all know this won't be snapped up under 10c with the demand across the market and it will end up being a mine in the current gold price environment. If gold prices crashed 50% then this thinking may change for the market but that just isn't possible in the current economic and geopolitical turmoil at a global stage.

    This is one of the best value buys on the ASX right now and anyone saying otherwise has rocks in their head IMO.
    Last edited by coto: 10/05/24
 
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3.6¢ 3.7¢ 3.4¢ $162.9K 4.580M

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Last trade - 16.10pm 12/06/2024 (20 minute delay) ?
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