ASN 2.70% 7.6¢ anson resources limited

Hahaha you think the lithium market is alive?ASN burning through...

  1. 11,181 Posts.
    lightbulb Created with Sketch. 684
    Hahaha you think the lithium market is alive?
    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 is 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.

 
watchlist Created with Sketch. Add ASN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.