The situation is getting critical for ASO.
Only 5.8m A$ in the bank. At this burn rate that will be gone in July/August, way before completion if the scoping study.
And market cap meanwhile down to 23m A$, falling.
Unless they come up with some new investor or manage to find a buyer for the gold this will be a capital raise with a
very severe dilution. And where they will find the tens of millions of dollars for a pfs and dfs remains open to speculation.
Ann: Shallow infill program confirms sulphide mineralisation, page-18
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.95M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $30.86K | 2.908M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1831714 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 150000 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ASO (ASX) Chart |