With $45m or more fresh cash in the bank, the project has a higher chance to progress to production.
I think next week after trading halt, the demand for ASN shares at anything under 50 cents would be through the roof!
If I am not wrong, around 500m-600m market cap gets you through the ASX300 door for admission. The next quarterly rebalance is Dec2022, so it is very likely that ASN gets admitted to ASX300 in Q1 2023.
Exciting times ahead for ASN holders
ASN Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
