ASX A8G Gold shareprice snapshot.

ASX A8G Gold shareprice snapshot.
Chinese owned Lithium producer take $2 million stake of Australasian Gold (ASX:A8G).

Australasian Gold Limited (ASX:A8G) will resume trading with news that Chinese lithium converters Shandong Ruifu Lithium Industry Co Ltd and Tangshan Xinfeng (Hong Kong) Limited have each subscribed for $1m at $0.45 per share as part of a $2.5m raise.

Ruifu and Xinfeng are lithium carbonate and lithium hydroxide producers which require spodumene concentrate for their production.

A8G is charging ahead in hopes of a major lithium discovery at its Mt Peake lithium project in the Northern Territory.

A8G pays no dividends (against our strategy)
Our speculative apporach is to invest only a very small percentage of our portfolio funds to such companies.

Our CCI14 (Daily) indicator showed a buy opportunity Aug 25

Gold Index still on a downtrend.

ASX website announcements for A8G:
https://www2.asx.com.au/markets/trade-our-cash-market/announcements.a8g

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