AS2

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4.8¢ askari metals limited

Hi.Again couldn't agree more.Don't think that much money is...

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10/05/23

13:44

Post #: 67700550
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Originally posted by westy9: ↑

Pretty much my thoughts on what’s happening too, although worth noting that their Namibian acquisitions were purchased though issuance of shares, and only a very small cash consideration. So I don’t think cash would be an obstacle?

It took them two months at 8535 to drill the first 2750m, and it’s been just about a month since that update. Plenty of time for that last 1250m. So P1 drilling at 8535 should be over by now.

My guess is they’re probably putting together a drilling completion announcement at the moment (they said drill results in coming days). Whether or not they choose to include details on intersections (width, visible mineralisation), might tell us if they’re still on their acquisition game plan. It might also have a large impact on the sp depending on what we see. Implied volatility, in my eyes, is high this month.

I’m looking forward to it.

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Hi.

Again couldn't agree more.

Don't think that much money is required for the purchase of additional EPLs in Namibia considering not that much money was handed over for the two licenses owned by us.

We may have to depart with some cash ($1Mill?) to separate from our non-lithium assets so that the new entity can continue exploring for at least a year, I guess.

Separation to happen within the next 7 weeks?

Any thoughts?

K

AS2 Price at posting: 39.5¢ Sentiment: Buy Disclosure: Held
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Hi.Again couldn't agree more.Don't think that much money is...

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