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1.03% 9.8¢ anson resources limited

yes the lithium market is on its arse and-ASN burning through...

  1. sharebroker1
    10,682 Posts.
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    28/07/24
    19:27
    Post #: 74952351
    yes the lithium market is on its arse and-

    ASN burning through $9m per quarter with less than a quarter cash left and then 3 quarters after that till they have a fully drawn down $30m debt facility.

    So in a years time ASN could well be out of cash and in debt to the tune of $30m according to last week's quarterly report,?

    The lithium market appears struggling to dead, why would ASN spend $9m per quarter on a lithium project that has an environmental halt on it and no guarantee it will be lifted.
    ASN Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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