Augustus Minerals Ord Shs AUG

Primary Symbol: AGMNF

Metals & Mining Industrial Metals & Minerals

Augustus Minerals Limited is an Australia-based exploration company. The Company is engaged in exploring for lithium, rare earths & copper in a large tenement package located in the Gascoyne Province of Western Australia. The project covers approximately 3,600 square kilometers (km2) of granted and under application tenements located in the Gascoyne Province, in the Shire of Upper Gascoyne and the Shire of Carnarvon. The Ti Tree Shear Project is located about 200km inland from Carnarvon and is in the shires of Upper Gascoyne and Carnarvon. The Project area is prospective for copper, gold, nickel, platinum group metals, molybdenum, rhenium, lithium, and rare earth element mineralization. The project's tenement package is categorized into four main project areas: Crawford Bore, Lyons Central, Minnie Springs, and Mt Phillips Area. Capricorn Orogen Pty Ltd is a wholly owned subsidiary of the Company.

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Augustus Minerals Ord Shs > Value of AUG vs ER

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Comment by prem124on Jul 31, 2020 6:13pm

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Post# 31352368

RE:RE:Value of AUG vs ER

How can you do arbitrage if AUG shareholders get 2 extra shares of 2 different entities. I invested in AUG because of Sombrero and Canadian assets were more of a liability and money drain. They will be able to focus much more. I don't think these will trade at 45 million dollars when listed. By this time ie. End of the year we should have drill results. If they are positive we can have more than current market cap valuation of new entities alone. My point is that there is no arbitrage opportunity as such at this stage. If the drilling results were bad you could discount other assets and arbitrage opportunity would appear.

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