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
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $9.704M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $277 | 25.20K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 114371 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 130000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 114371 | 0.011 |
4 | 7674712 | 0.010 |
6 | 2052902 | 0.009 |
9 | 2099923 | 0.008 |
5 | 1551946 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 130000 | 2 |
0.013 | 115545 | 2 |
0.014 | 391644 | 3 |
0.015 | 124244 | 2 |
0.018 | 124365 | 1 |
Last trade - 10.34am 10/05/2024 (20 minute delay) ? |
|
|||||
Last
1.1¢ |
  |
Change
-0.001 ( 10.0 %) |
|||
Open | High | Low | Volume | ||
1.1¢ | 1.1¢ | 1.1¢ | 47766 | ||
Last updated 10.34am 10/05/2024 ? |
Featured News
AS1 (ASX) Chart |