Melburnian, not just that, but the Convertable notes.
Those mature in December and note holders have option to request there money back. All 2.4m of it.
If so asr will need to find 2.4m. More than that as they need money outside a potential payback to actually explore and for capital.
Possability is notes are extended, but the yearly interest bill is far higher than actually borrowing the money commercially.
Unfortunately tarmoola station has cost them dearly on assets and is a cash flow loser.
Native title claim claim that may stifle the carbon credits also. I can not believe we were told pre that purchase carbon credits were basically a sure bet, when not even in motion.
I'll continue to watch. The positive is they got out of that bullionfx deal as it appears doomed.
ASR Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
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