ASR 9.09% 0.6¢ asra minerals limited

Ann: Trading Halt, page-5

  1. 5,528 Posts.
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    Novicechap, hopefully debt funded as we don't want shares issued at the present sp.

    There balance sheet would be in a much better position today, than when they agreed to buy.

    Selling malcolm and monger shifted exploration assets to cash on malcolm and shares on monger.

    The banks would not have recognised those assets pre those changes, there would be plus 1m in more liquids now there alone.

    It would work if they used some of the cr cash instead of issuing shares with debt because tarmoola is 1m Cashflow a year.

    If interest only funding, easily cover that from the Cashflow.

    Ushers in many good things, earth moving equipment and cheaper accommodation.
 
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