Bet away you may lose your money there too….;)Sorry for your...

First 89 Last

Share
Profile

Follow
asxtrader007

4,304 Posts.

538

11/08/23

21:09

Post #: 69298910
Share

Originally posted by InItEarly: ↑

Mate, I'm willing to bet you've never been a senior executive.

I did not buy at the top or at the bottom. I bought an exploration company that had a number of prospective tenements. I bought a company that got on with business.

On that basis, the price I paid, I considered fair.

The last six months they have done no effective exploration. They bought a tenement next to Andrada and thought they would just start drilling. What a cock up. Cash burnt and time wasted.

No wonder Andrada didn't want that land - it was in the wrong location. They thought they were clever.

They seem to prefer to be a company that acquires, rather than one that explores or develops. No doubt the plan from here is to buy some more tenements and hope there might be something on them.

A corridor they say. Good story.

No doubt that corridor would not include our existing tenements, if they were being straight with us. So nada out of Namibia so far. They are confident Namibia has lithium is about the size of it.

On the right path now apparently, but going to wait around for a drill. Weak. Promised a diamond drill months ago. If they were serious, they would have found a way.

So lots of talk and definely not a lot of listening - still can't believe they cut the questions from the AGM.

Given they have done nothing there, what have they done on these other projects? Looks like nada to me.

Frankly, they have too many projects. Far too many. And nothing gets done on any of them.

So, they need to be 100% on Namibia, or they need to focus 100% on Yarrie.

If divestment takes them away from focus on Namibia or alternatively on Yarrie, they need to stop that. I'm sure they enjoy that corporate stuff, but they are an exploration company. Get on with exploration.

This company is going to burn cash without reasonably prospect of ever getting a resource, unless they are actively focused on getting a resource.

That's why there is no market for AS2 shares - cash burn and no action.

Expand

Bet away you may lose your money there too….

Sorry for your emotional trading, long game always wins, zoom out and doesn’t look so bad……

AS2 Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

1 Great analysis

Reply

Top Stories

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

RCE

Recce locks in $30M to boost commercialisation across ASEAN region

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

First 89 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $2.425M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$6.014K	1.002M

Buyers (Bids)

No.	Vol.	Price($)
14	5589534	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	297616	1

View Market Depth

No.	Vol.	Price($)
14	5589534	0.005
3	3000000	0.004
3	3866670	0.003
3	2300001	0.002
2	1015000	0.001

Price($)	Vol.	No.
0.006	297616	1
0.007	1435482	7
0.008	6907157	9
0.009	2972500	3
0.010	2740742	7

Last trade - 15.42pm 17/06/2025 (20 minute delay)

AS2 (ASX) Chart

Bet away you may lose your money there too….;)Sorry for your...

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Many are concerned about global falling birthrates. This diverse stock has solutions

Recce locks in $30M to boost commercialisation across ASEAN region

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Bet away you may lose your money there too….;)Sorry for your...

Top Stories

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Many are concerned about global falling birthrates. This diverse stock has solutions

Recce locks in $30M to boost commercialisation across ASEAN region

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News