A1 Consolidated Gold (AYC) was given a portfolio grade rating in the 4 November PortfolioDirect/resources investment report. A1 Consolidated Gold is an explorer in northeast central Victoria at a location where gold was first discovered in 1861. The company listed in 2012 drawing on historical drilling, including a 2011 program, to restart the A1 mine. During October, PortfolioDirect reviewed and rated 15 companies. Four of these - Renaissance Minerals (RNS), Lawson Gold (LSN), Red Mountain Mining (RMX) and Blackham Resources (BKL) - qualified under the rating criteria as suitable for inclusion in a resources sector equity portfolio.
Just had a quick squiz on the ASX, looks illiquid (what isn't these days), however, holding up pretty well. I assume given the trading pattern that the stock is tightly held so minimal free float at this stage. Have had some dealings with Morrie Goodz who is on the board and is a decent and honest operator. Need to do some background on the asset as I am not familiar at all.