AS1 10.0% 0.9¢ asara resources limited

Ann: Brandon Hill Capital Research Note, page-4

  1. 333 Posts.
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    The BHC report appears to be well researched and not just a one page summary. It values the company at 13 times what it is at the moment. We'll have to wait to see what sort of a deal the Directors can negotiate for on going funds to finance what they have planned for second half of the year. We may get a bit of an increase in share price when the drilling results come out but I can't see any major move towards a valuation of 121 million until the details of the next CR are known.
 
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