Hang on, you are saying ASN are " making progress towards making money in its own", hope you are correct, but there is no guarantee at all the reviews of the current environmental halt on ASN flagship lease will be successfully lifted ?
As I said, ASN has a current MC of some $140m, and cash left for one more quarter , then they start chewing into the $30m debt facility which, will last only 3 more quarters ?
So the two points above and the sick lithium market makes me think this is a massive risk at a current MC of $140m.
None of the above can really be argued with in my opinion going on recent ASN announcements and the latest quarterly report.
Ann: Quarterly Activities and Cashflow Report, page-99
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