AS1 0.00% 0.8¢ asara resources limited

Possibilities here are really only (in order of lowest...

  1. 4,656 Posts.
    lightbulb Created with Sketch. 2275
    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
0.8¢
Change
0.000(0.00%)
Mkt cap ! $7.057M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
4 504681 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 1082465 4
View Market Depth
Last trade - 19.00pm 29/03/2024 (20 minute delay) ?
AS1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.