ASO 4.17% 1.2¢ aston minerals limited

Ann: Shallow infill program confirms sulphide mineralisation, page-18

  1. 32 Posts.
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    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.
 
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