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).
- Forums
- ASX - By Stock
- Ann: Trading Halt
Possibilities here are really only (in order of lowest...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AS1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.92M |
Open | High | Low | Value | Volume |
2.2¢ | 2.7¢ | 2.2¢ | $442.3K | 21.84M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 325016 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 238000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 325016 | 0.021 |
2 | 1815000 | 0.020 |
2 | 1625789 | 0.019 |
1 | 322893 | 0.018 |
1 | 1176470 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 238000 | 2 |
0.029 | 17938 | 1 |
0.030 | 200000 | 1 |
0.032 | 398000 | 1 |
0.035 | 17930 | 1 |
Last trade - 15.59pm 18/10/2024 (20 minute delay) ? |
Featured News
AS1 (ASX) Chart |