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9.09%

1.2¢ asara resources limited

Ann: Oversubscribed $3.5m Capital Raising, page-8

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contraindicator

5,858 Posts.

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21/02/18

22:29

Post #: 31238752
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Originally posted by TerribleTadpole ↑

It is for working capital!! Ow!!

Funds received under the Placement will be used to complete the maiden Mineral Resource at the Company’s flagship project, the Kouri Gold Project (Kouri) in Burkina Faso, to conduct further infill drilling at Kouri as well as exploration outside the expected Mineral Resource area, and for working capital purposes.

I'm disappointed. Surprised. And embarrassed. That maiden resource had better be enormous!

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its for all of the above....not just working capital.
its the life of a junior to raise capital and sophisticated investors provide new funds to the business whereas shareholders just speculate the price will go up.

GMR Price at posting: 4.1¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 1.2¢		Change 0.001(9.09%)		Mkt cap ! $10.58M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$840	70K

Buyers (Bids)

No.	Vol.	Price($)
2	79575	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	202971	3

View Market Depth

No.	Vol.	Price($)
2	79575	0.011
4	7674712	0.010
6	2052902	0.009
9	2099923	0.008
6	1651946	0.007

Price($)	Vol.	No.
0.012	202971	3
0.013	85545	1
0.014	391644	3
0.015	75151	2
0.018	124365	1

Last trade - 10.10am 08/05/2024 (20 minute delay)

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