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An announcement from First AU Ltd. ( (AU:FAU) ) is now available.
First AU Limited has disclosed a change in director Daniel Raihani’s interests, with his indirect holding increasing by 15 million fully paid ordinary shares via an on-market trade valued at $225,489, taking his total shareholding to 180 million shares. Concurrently, Raihani forfeited a combined 9 million Class D, E and F performance rights linked to Nimba Gold project resource milestones that are no longer achievable, signaling an adjustment to his incentive structure and reflecting reassessment of certain exploration targets at the project.
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 resources company focused on gold exploration and development, including the Nimba Gold project where it is targeting multi-million-ounce gold-equivalent inferred resources. The company’s securities include fully paid ordinary shares and various classes of performance rights tied to share price and resource definition milestones.
Average Trading Volume: 23,133,128
Technical Sentiment Signal: Sell
Current Market Cap: A$42.78M
Find detailed analytics on FAU stock on TipRanks’ Stock Analysis page.