""'Alarm bells now ringing across the ASX for all lithium companies. Heavy dilution, administration and flip flopping to other minerals is going to be the tell tale sign over the next 12 months."""
spot on Suni, that is why I am invested in war chest cashed up multi mineral company MAN with $15m cash (45 years remaining cash), and a very conservative management.
ASN are burning through cash at an extreme rate, $9m per quarter, and what worries me is they are burning through this cash while their current flagship project is under an environmental halt which is of concern.
$9m cash burn per quarter is unsustainable her
e in my opinion.
Ann: Quarterly Activities and Cashflow Report, page-86
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Mkt cap ! $154.8M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 12.0¢ | $135.5K | 1.128M |
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