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20.0%

1.2¢ aston minerals limited

ASTON .. My Take, page-256

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volvogreen

307 Posts.

25

04/01/24

03:45

Post #: 71717456
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Originally posted by FrankGermany: ↑

We are seeing an implosion of the market cap in slow motion. Glad I sold my 1.82m shares when the sp was at 6c. Used the proceeds to buy more Canada Nickel, which turned out to be a good decision

Problem for ASO is that the erosion of mc severely limits their ability to raise the funds necessary for further development after the Scoping study. There seems to be no bottom, and I would not consider getting back in.

Meanwhile the spreads have become prohibitive. When I bought around 12 and sold around 6c spreads were between 2 and 10%. Now with the extremely low sp the spreads have gone as high as 50 to 70% at least here in Germany. A stock consolidation is necessary, maybe a 10 : 1 reverse split.
Keep watching ASO. Maybe will invest again, but a lot has to change until then.

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Hey Franky u summed that up right........or Tonga needs to pull a Big Rabbit out of the bag....lol
good luck with yr CNC. I nearly did the same but...bought back in this one....averaged down.

cheers
DYOR

ASO Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 1.2¢		Change -0.003(20.0%)		Mkt cap ! $15.54M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.2¢	$26.39K	2.048M

Buyers (Bids)

No.	Vol.	Price($)
6	1961542	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	8100	1

View Market Depth

No.	Vol.	Price($)
6	1961542	0.012
3	1200000	0.011
6	1383694	0.010
6	994438	0.009
4	337230	0.008

Price($)	Vol.	No.
0.014	8100	1
0.016	2358526	6
0.017	700000	2
0.018	590000	2
0.019	524000	4

Last trade - 16.10pm 02/10/2024 (20 minute delay)

ASO (ASX) Chart