ASN 0.00% 9.7¢ anson resources limited

Ann: Quarterly Activities and Cashflow Report, page-111

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    It means, ASN are burning through $9m per quarter, in a dead lithium market and in a project that is under an environmental halt , with no guarantee it will be lifted.

    ASN decided to continue, even though they know the halt is in place, so the responsibility is theirs. In a years time ASN will most likely have no cash and a fully drawn down $30m loan according to last week's quarterly report.

    We can all speculate what the above means, let's hope the environmental halt is lilfted.

    I would have thought extremely coherent, but you know that don't youwink.png
 
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