The market has a very different opinion on ASN than we do. Otherwise 1-5 weeks away from financing and off takes the SP is back to 18.5c .. Or 2 cents higher than it was before:
2 x Resource upgrades DFS Sunresin Water rights
We are raising $500 million dollars soon and according to Chris the SP does not matter ??.. I guess it does not matter if dilution is your thing. WTF is it going to take to get confidence back to ASN?
IMO, I know Bruce withheld info from late last year to create a heavy waves of announcements prior to the capex raise in an attempt to have the SP as high as possible leading in to finance. I fear that the 10-12 weeks of silence at the end of last year draining the confidence away from ASN.
Jan 16th - New team added Jan 23rd - Water rights Jan 25th - Western strategy Jan 27 - Uranium EFT Jan 30 - Green River
Clearly the above mentioned did not all get signed off on within 2 weeks of each other. I fully understand where Bruce was coming from with this strategy but as I have now mentioned, I think it may of backfired. I base the back fire statement on the current 18.5c share price which is obviously below par for a so called "Near term producer" ...
ASN Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
