A pretty productive quarter for ASN in the end. Which is good to see.
No doubt ASN's weak financial position is coming to a head. I mentioned this months ago.
As has been previously mentioned tapping in to the credit line will result in further destruction of the SP to buy time. If sentiment remains low the CR will then have to happen.
Bruce is doing his best to reduce dilution whilst the sentiment is piss poor however sometimes avoiding a CR actually creates further downward pressure because your back is against the wall. Classic case GLN right now.
The credit line will only last 6 months so the CR is happening at some point. Whether it is 12c or 16c I do not know. Too hard to pick.
Ann: Quarterly Activities and Cashflow Report, page-64
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $154.8M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 12.0¢ | $135.5K | 1.128M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29833 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 152310 | 3 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| ASN (ASX) Chart |