How about this:
Spin out the mine and the pastoral co. 20% is already sold. Sell another 25 - 29% (keeping a controlling interest inside ASM).
With $200 m from the government, some build own manage components and some debt the mine can probably be developed.
If not, or if you want some leeway, do a capital raise and/or take on a major partner inside ASM (probably the same one that took the position in the mining co). Again keeping control.
Now you have 2 businesses funded and controlled by ASM. You have major partners, who are probably also off take and manufacturing partners, and maybe providing some or all of the finance.
Just a thought, sitting by a lake with a whiskey in hand.
Looking forward to see what happens.
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50.0¢ |
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Mkt cap ! $90.63M |
Open | High | Low | Value | Volume |
50.0¢ | 51.0¢ | 49.5¢ | $16.65K | 33.29K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 136783 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.5¢ | 8516 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 136783 | 0.495 |
4 | 36550 | 0.490 |
3 | 5327 | 0.485 |
6 | 11269 | 0.480 |
2 | 5307 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.505 | 8516 | 11 |
0.510 | 621 | 1 |
0.515 | 620 | 2 |
0.520 | 11185 | 3 |
0.525 | 17965 | 1 |
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