ASN 0.00% 12.0¢ anson resources limited

Ann: Quarterly Activities and Cashflow Report, page-65

  1. 10,520 Posts.
    lightbulb Created with Sketch. 2089
    Below are the previous quarters that relate to the current advanced stage of the projects that Anson holds, there was some land and lease purchases during the September and December quarters and drilling completed in the March quarter.
    The big jump in spend rate must have to do with drilling being fully paid for in the June quarter, if not, then the ongoing brine extraction costs and testing has resulted in a substantial increase in operating costs.
    Period ending September 2023, 1.9 Net cash from / (used in) operating activities (7,404)
    Period ending December 2023, 1.9 Net cash from / (used in) operating activities (7,737)
    Perion ending March 2024, 1.9 Net cash from / (used in) operating activities (5,078)
    The low end of expenditure based on the current development rates of the Anson projects is 390k a week, high end and probably more probably based on where the projects are at would be 500k a week.

    Going back over past quarters into 2022, the drilling on any of Anson's projects has cost around 2 million a quarter for a total of over 7 million for the quarter in operating costs.
    No drilling, no land purchase, total spend is normally about 5 million a quarter, much more now due to the advanced stages of Anson's projects.
 
watchlist Created with Sketch. Add ASN (ASX) to my watchlist
(20min delay)
Last
12.0¢
Change
0.000(0.00%)
Mkt cap ! $154.8M
Open High Low Value Volume
12.0¢ 12.5¢ 12.0¢ $135.5K 1.128M

Buyers (Bids)

No. Vol. Price($)
3 29833 12.0¢
 

Sellers (Offers)

Price($) Vol. No.
12.5¢ 152310 3
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
ASN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.