AS1 10.0% 1.1¢ asara resources limited

About to pop, page-30

  1. 5,058 Posts.
    lightbulb Created with Sketch. 2458
    @garrysc, I tend to support your first sentence, but your second statement is just a bit misleading.

    Firstly we sold our gold asset, so there's nothing that you could refer to as "it's gold asset".

    Secondly, the income you refer to is a royalty on sales from gold produced from that asset by the new owners. Given that what we sold was a patch of dirt you're looking at a minimum wait in the order of two years before the first dollar will arrive, if the miner moves immediately to develop the resource. With the current price of gold, the political situation in Burkina Faso, and the smallness of the resource, there's a reasonable probability that the project could be shelved until conditions are more favourable.

    The upside for this company is currently represented by:
    1) A fairly uninspiring (but not barren) patch of ground in Burkina Faso
    2) A "consolidation of ground" agreement with other explorers that only ever got one mention
    3) Undisclosed other "opportunities"
    4) Enough cash to get something started if only we can find a suitable "something"
 
watchlist Created with Sketch. Add AS1 (ASX) to my watchlist
(20min delay)
Last
1.1¢
Change
0.001(10.0%)
Mkt cap ! $9.703M
Open High Low Value Volume
1.2¢ 1.2¢ 1.1¢ $21.51K 1.914M

Buyers (Bids)

No. Vol. Price($)
2 2452127 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 1979205 2
View Market Depth
Last trade - 13.50pm 13/09/2024 (20 minute delay) ?
AS1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.