ASN 1.33% 7.4¢ anson resources limited

the amounts of Zn Pb Ag here is tiny, it is a very small...

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  1. 11,090 Posts.
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    the amounts of Zn Pb Ag here is tiny, it is a very small project.
    You start the morning off with stuff and links that has nothing to do with ASN, and you expect everyone to swallow it?

    Look ASN dealing with financial issues this is very real hence why the SP does not move even on what you call going to to moon news.

    And let's say your mega ramping is correct, where do you think ASN are going to come up with the cash, it will be all loans and debt.

    ASN currently has a MC of over $100m and a massive Ev of $90m, I can't find one penny stock that isn't producing with that kind of Ev. This is why all the talk in the world, the Ev in my opinion must come down to a sustainable and manageable 30 to 40m MAX.

    Shorts are well aware of the Ev and that us why they play here, $30m Ev is a SP of 4 cents for ASN.

    Then as ASXinvestor states, another CR may not be far away to keep away from going severely into debt which could end bad in this environment.

    hope that helps
    cheers




 
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