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.
Alternative Fuels, page-15
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