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The latest update is out from First AU Ltd. ( (AU:FAU) ).
First AU Limited has announced a change in director Lei Shi’s interests, with the forfeiture of 75 million performance rights across three classes linked to gold-equivalent inferred resource milestones at the Nimba Gold Project that are no longer considered capable of being satisfied. Following the forfeiture, Shi retains 34,285,714 fully paid ordinary shares and 36 million remaining performance rights tied to share price-based volume-weighted average price targets, signalling a shift in the balance of his incentive exposure from project-resource outcomes to market performance metrics.
The most recent analyst rating on (AU:FAU) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on First AU Ltd. stock, see the AU:FAU Stock Forecast page.
More about First AU Ltd.
First AU Limited is an ASX-listed exploration company focused on gold and other mineral resources, including the Nimba Gold Project, which targets significant gold-equivalent inferred resources at specified grades. The company’s value proposition is closely tied to exploration success and resource definition milestones that underpin both corporate strategy and executive incentive structures.
Average Trading Volume: 23,133,128
Technical Sentiment Signal: Sell
Current Market Cap: A$42.78M
See more data about FAU stock on TipRanks’ Stock Analysis page.