ASR asra minerals limited

Ann: Suspension from Quotation, page-12

  1. 6,113 Posts.
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    Sk1nman, just had a read. I am well thank you. I hope you also are. I still watch and have just read the financials.

    2.4m Convertable notes issues in Dec 2022 are due in Dec 2023. Less than 10 months.

    Terms are - holders can take up shares at 3.5c. Forget that.

    Or request there money back. If asr does not get over 3.5c before the notes are due, they will need to raise 2.4m to cover them.

    As the notes paid out riverfront, and if there not converted, financing needed to cover the notes.

    This is basically a financial cover, versus money to spend on exploration.

    Also native title claim over the entire tarmoola station that may end carbon credits completely.

    Bullionfx also written to zero, tarmoola just over 100k external revenue with 1m plus expenses pa.

    I am not sure who failed due diligence across bullionfx, tarmoola station, carbon credits etc and who was cause to the poor return on the gold explore spend?

    There most likely will be financial pain from Dec 2023 if the sp does not recover.

    Bid depth. Under 0.8, larger gap to just 0.1. Ie no buys at 0.2, 0.3, 0.4, 0.5, 0.6, 0.7.

    I like tyrannus area and the faulting, but the possible issues I can see financially will have me observe.
    Last edited by mode1971: 06/04/23
 
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