AurionGold

By Intelligent Investor · 9 Aug 2002

By Intelligent Investor ·
9 Aug 2002

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AurionGold Limited - AOR

Current price

n/a

Price at review

$3.05 at (09 August 2002)

All Prices are in AUD ($)

A volatile gold price has been upsetting the value of Canadian-based Placer Dome's bid for AurionGold. Fortunately, Placer has finally thrown some cash into the ring, an extra 35 cents per AurionGold share, although the offer is now unconditional (it will take what it gets) so a further sweetener is unlikely. With the shares down 25% since issue 106/Jun 02 (Hold for the Upside - $4.08), even if the bid fails, we see long-term value. HOLD FOR THE UPSIDE.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

AurionGold

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AurionGold

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