Do you ever bother to read anything in full?
I used GLN as an exact example what will happen to ASN. All you have done is highlighted my point. ASN is going to be due for money later this year. The cash burn proves that. The market will identify this raise will happen at a deplorable price and holders will sell in to the imminent raise.
The SP will dump and you will be even further away from your 75c price prediction.
My comments are designed to protect ASN. Protect the company from putting themselves in a destructive position of needing money in a poor sentiment.
The best way to prevent a GLN 2.0 is not to waste money and identify the situation for what it is.
Ann: Anson Commences Mineral Resource Drilling at Green River, page-43
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $200.0M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 17.0¢ | 15.0¢ | $843.3K | 5.360M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 204087 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 32608 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ASN (ASX) Chart |