AS1 6.25% 1.5¢ asara resources limited

Ann: Trading Halt, page-2

  1. 5,081 Posts.
    lightbulb Created with Sketch. 2473
    Possibilities here are really only (in order of lowest probability in my opinion):

    0)  Closing up shop, distributing remaining funds to shareholders
    1)  Placement of shortfall (surely it wouldn't justify a trading halt)
    2)  Placement of shortfall to a new cornerstone investor (maybe, depending on who it is)
    3)  A commercial transaction for Paguanta (really the only thing I can think of that would justify a halt)

    If it is a transaction, the structures I would hope for starting with the most desirable (to me anyway):
    1) Outright sale for $US20m (seems a reasonable price based on expenditure to date)
    2) 50% JV buy-in partner for $US10m.
    3) 50% JV earn-in partner who will progress exploration until their exploration matches our to-date spend.

    Number 3 wouldn't provide any funds for Kouri work, but it would allow that project to progress in the interim while we focus on Kouri.  The actual desirability of 1 and 2 will depend a lot on the actual price agreed (as opposed to my feverish dreams).
 
watchlist Created with Sketch. Add AS1 (ASX) to my watchlist
(20min delay)
Last
1.5¢
Change
-0.001(6.25%)
Mkt cap ! $13.23M
Open High Low Value Volume
1.6¢ 1.6¢ 1.5¢ $66.16K 4.380M

Buyers (Bids)

No. Vol. Price($)
1 1000000 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.6¢ 560000 2
View Market Depth
Last trade - 15.41pm 26/09/2024 (20 minute delay) ?
AS1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.