The situation is getting critical for ASO.
Only 5.8m A$ in the bank. At this burn rate that will be gone in July/August, way before completion if the scoping study.
And market cap meanwhile down to 23m A$, falling.
Unless they come up with some new investor or manage to find a buyer for the gold this will be a capital raise with a
very severe dilution. And where they will find the tens of millions of dollars for a pfs and dfs remains open to speculation.
Ann: Shallow infill program confirms sulphide mineralisation, page-18
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
