GOA - Gold Anomaly

[blueroo]

GOA has just announced a non-renounceable rights issue at 11 cents per new share. Seeing that the current price is 9.3 cents per share, does this mean they are expecting the sp to increase before the rights issue?

Maybe an ann. coming out soon! I would have thought the strategy would be to make the ann. first and then announce the rights issue. Can anyone shed some light on this?

thanks

 

[Sean K]

Re: GOA - Gold Aura

Just released significant results.

Might go up a bit.

Might be worth looking at for a quick trade, if you can.

Will be interesting to watch anyway.

Still in preopen.

 

[Sean K]

Re: GOA - Gold Aura

Looks like it'll go up about 80% on open.

(I'm not trying to get any, just watching with interest)

 

[Sean K]

Re: GOA - Gold Aura

LOL!!

Every stock available was bought on open!

 

[Sean K]

Re: GOA - Gold Aura

Well that was interesting. Opened up 110% and is now being sold down.

Sorry this was a monologue, I just thought it was interesting to see something like that. I never have before, quite amazing.

Not sure where this stock will go now. Might be worth checking the ann though. I dare say the punters who picked this up at the top will have singed their fingers slightly, for now.

 

[SevenFX]

Re: GOA - Gold Aura

Kennas you can be the only one hogging this thread, so thought I'll join you.

This suckers moving fast...so hold on..

 

[SevenFX]

Re: GOA - Gold Aura

Well that was interesting. Opened up 110% and is now being sold down.

Not sure where this stock will go now. Might be worth checking the ann though. I dare say the punters who picked this up at the top will have singed their fingers slightly, for now.

K.

You may like to check out USA on first day of oversubscribed which listed at 20, opened at 30, and headed down 4 .22c b4 closing at 24c.

Not on ann news, but same pattern b4 open.

EDIT: Look at USA Now in few short months.

 

[SevenFX]

Re: GOA - Gold Aura

My Turn K.

Buyers want to bring it below 15c to 14.5 (expect small selloff there) which is low of day (so far) hence standoff.

Strong resistance at 16c, which becomes support (obvious) when sp over that..

 

[Sean K]

Re: GOA - Gold Aura

My Turn K.

Buyers want to bring it below 15c to 14.5 (expect small selloff there) which is low of day (so far) hence standoff.

Strong resistance at 16c, which becomes support (obvious) when sp over that..

SevenFX
Yeah, looks to be pivoting between .15 and .16 ish....

Will be interesting to see how the market behaves once the results are analysed. 3.5m @ 94 g/t au and 1m @217 g/t au sounds ok within the overall results.

There's a bit of a gap to fill here:

 

[blobbob]

Re: GOA - Gold Aura

T

. 3.5m @ 94 g/t au and 1m @217 g/t au sounds ok within the overall results.
:

its AG not au

 

[Sean K]

Re: GOA - Gold Aura

its AG not au

Aaah, thanks for correcting that. That's not really that great then is it?

 

[SevenFX]

Re: GOA - Gold Aura

Strong resistance on GOA at .16 atm.... but def in watch list.

 

[Out Too Soon]

Re: GOA - Gold Aura

So the rights issue was under-subscribed, looks like the board was over confident about the effect the ann would have. With the gold price going up again/still I wonder how long before these guys actually plan to get something out of the ground.

 

[powerkoala]

Re: GOA - Gold Aura

announcement just out
quite a nice grade for gold
also looking good on the chart though
any other opinion?

 

[Ruprect]

Re: GOA - Gold Aura

announcement just out
quite a nice grade for gold
also looking good on the chart though
any other opinion?

I agree, looks like some good results there, and some more assays to come. Hasnt done anything for the SP which is a bit of a surprise.

Got a brief run today in The Australian.

"Gold Aura (GOA) has unveiled some impressive results from its Gameta Gold Project on Fergusson Island, Papua New Guinea. The best interval from diamond drilling was 2.79m at 35.3gpt and 28.6gpt of silver, which began at the relatively shallow depth of 57.11m."

I dont mind the look at all of that 35.3 gpt au.

 

[alphman]

Re: GOA - Gold Aura

Is my screen playing up or did someone sell off 72 options at $0.035 for a measly $2.52!

What the?

 

[greggy]

Re: GOA - Gold Aura

GOA announced to the ASX today that they have decided to go ahead with their 30% interest in the Sao Chico Project which is in Brazil. They also have an option to acquire a further 30%, increasing overall interest to 60%.
Initial sampling returned spectacular grades of up to 304 g/t gold, 283 g/t silver, 52.8% lead, 15.9% zinc and 1.81% copper.
Gold Aura Limited (GOA) has also recently advised that diamond drilling has re-commenced on the Company’s 100% owned Croydon Project following a delay resulting from further unseasonal rain. Drilling is currently being focussed on the A2 magnetic anomaly within the Wallabadah EPM 13775 where hole A2-001 last year discovered significant poymetallic vein style mineralisation under some 115 metres of younger cover rocks. Discovery hole A2-001 intersected significant levels of zinc, tin, silver and copper including;
. 133m at 1.1% zinc, 18.4 g/t silver, 0.15% tin and 0.35% copper and
. 5.05 m at 8.0% zinc, 180 g/t silver, 0.57% copper and 0.58% tin
As a result of this exciting new discovery, a program of up to 20 holes is planned to adequately test the A2 anomaly. Two rigs are now operating to accelerate the program.
DYOR

 

[greggy]

Re: GOA - Gold Aura

GOA is one of the most overlooked resource stocks around. Besides the Brazil Project, GOA is heading towards a million gold ounce resource at Ferguson Island, PNG (at last count it was 880,000 ounces of gold). GOA has a 80% interest in a gold project in Southern Bayankol, Kazakhstan. They have a large are in which previous work has discovered significant surface Au mineralisation. Located within the Central Asian Black Shale Gold Belt that contains some of the largest gold deposits in the world. Extension into China secured under tenement cover.
They are also drilling as we speak at Croydon (100%), an exciting new poly-metallic mineralised system discovered under cover sediment north of Croydon in NW Qld. Discovery hole intersected 133m at 1.1% zinc, 18.4 g/t silver, 0.15% tin and 0.35% copper and 5.05m at 8% zinc, 180 g/t silver, o.57% copper and 0.58% tin. When the initial exciting results came out GOA doubled in price. It has since drifted back to 10c.
GOA is cashed up after its recent rights issue and placements arranged via Martin Place Securities. Martin Place Securities have a good reputation for being able to spot winners in the junior resource sector.
All of their projects have considerable potential to become company makers.
DYOR

 

[alankew]

Re: GOA - Gold Aura

Current price of gold wont do this sector any harm either Greggy as you have already stated on the Gold thread.Gold,Iron,Moly,U-but not enough money to invest in all these shares

 

[greggy]

Re: GOA - Gold Aura

Current price of gold wont do this sector any harm either Greggy as you have already stated on the Gold thread.Gold,Iron,Moly,U-but not enough money to invest in all these shares

Hi Alankew,

This stock has been well and truly overlooked. Its cashed up and has resources of 880,000 ounces of gold in PNG. It also has other interesting projects overseas in Brazil and Kazakstan.
Don't also forget that drilling is currently underway at its Croydon Project in Qld.
DYOR