Australia's largest stock trading and investment forum Australia's #1 stock forum

ASN

Click for more information

2.86%

6.8¢ anson resources limited

Ann: Quarterly Activities and Cashflow Report, page-4

First 4 Last

Share
Profile

Follow
hot_investor

3,890 Posts.

223

30/10/23

09:03

Post #: 70605973
Share

Originally posted by mbc: ↑

Have to spend money to make money!

That being said, it was to much derision I stated they’d have to raise in the coming year. That 10 quarter buffer is now 5 and with the current activities it will probably drop to about 3.5 before 1H24. It’s just how it is, the work is expensive and the spend rate only increases as you get to the cusp of taking a project to production.

If they’re to avoid excessive dilution they cannot push things back again. The credit market isn’t as free flowing as it was at the last raise, premiums are up substantially and interest rates won’t be going down so anyone participating in a raise will want > 15% right off the bat. Unless macro happens to turn around miraculously within next 12 months.

The clock is ticking.

Expand

This is why the market is keeping SP low, enough exploring start producing..CR will happen

ASN Price at posting: 16.0¢ Sentiment: Hold Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

There are more pages in this discussion • 65 more messages in this thread...

First 4 Last

Add ASN (ASX) to my watchlist

(20min delay)
Last 6.8¢		Change -0.002(2.86%)		Mkt cap ! $94.15M

Open	High	Low	Value	Volume
6.6¢	6.9¢	6.6¢	$26.46K	393.1K

Buyers (Bids)

No.	Vol.	Price($)
1	499997	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	7246	1

View Market Depth

No.	Vol.	Price($)
1	499997	0.068
1	175257	0.067
2	21217	0.066
3	220363	0.065
2	225000	0.064

Price($)	Vol.	No.
0.069	7246	1
0.070	349730	8
0.071	58000	2
0.072	57234	2
0.073	242983	3

Last trade - 16.10pm 19/11/2024 (20 minute delay)

ASN (ASX) Chart