If you think 1 quarter of cash is good, and after that ASN state that the $30m debt facility will last a further 3 quarters, the clearly ASN with a water permit issue and massive cash burn , are clearly feeling the financial pressure like GLN and all the others that went hard not seeing the almost collapse, probably "temporary" of the Li market, most are saying this may last 3 years?
THats why I'm in mega cashbox MAN where they have a JORC RESOURCE pending and NI and directors buying on market .
just look at the workings
MAN $15m cash Ev $1m , no debt ,and $16m MC and JORC RESOURCE pending.
ASN $5m cash Ev $130m, a $30m yet unused debt facility, and a water permit up in the air?
i eish I could give better news but all this is fromASN latest quarter report..
ASN Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held
