Ann: EIS Co-funded Drilling for Mt Palmer Lithium Project, page-9

The debt AUN have is a bad overhang. It’s making it unviable to invest in at the moment in my opinion. The market cap is too low so it is going to be constant cap raises to service it.

I really feel for this stock as they have some really good assets worth more than their market cap even. However in this market that doesn’t mean very much. So many undervalued explorers in the same boat.

Not sure on how management can play this. Maybe pay off debt should be number one option. Then focus more on drilling. Second option is go all in on drilling and try get some good results and get the MC up!