ASR 14.3% 0.3¢ asra minerals limited

Ann: Response to ASX Query Letter, page-13

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  1. 279 Posts.
    lightbulb Created with Sketch. 19
    Good questions Mode
    To me this shows they wanted the station for whatever reason at whatever cost
    Maybe to use as leverage against other operating companies within the region that wanted the station for whatever reason (mention of another offer?)
    If I was still in business I would have done more DD than it appears they has done
    I think they were sold a squib & the costs to get it to where it should be have gone astray hence over run on costs, P&L etc
    Any cattle they still have is a bonus (reminds me of the question "How many cattle do you have?, count how many feet they have & divide by four!)
    Still think in the long term they are going in the right direction
    Have on very good authority that they have some announcements to come in the coming weeks
    Just have to wait & see if these announcements provide more uplift in the SP
    If only they concentrated on their core business we would all be winners!
    Last edited by Eagle Bob: 31/08/22
 
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