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1.3¢ aston minerals limited

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calmbeforestorm

5,565 Posts.

2281

07/07/23

16:19

Post #: 68677367
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Originally posted by michaelhaley: ↑

I agree

Majority of market is seeing red today, not just ASO.

Looking at the share price, cash position, presentation and talk of upcoming Nickel drill program in interview. It looks as though Aston holders are selling in anticipation for a capital raise.

I think the money will be well spent on understanding the deposit in preparation for SS.

I am confident with the companies future as becoming a mine and currently accumulating shares so any dip in price is an opportunity in my view but I understand that is not the case for everyone.

IMO once raise has been done and Aston are cashed up and drill spinning on the Nickel again I think they will quickly gain headlines with thick sulphide intersections.

World needs Nickel and Aston are sitting on ALOT.

Just need time for the team to do what they have done many times before and get on with business and turn this into a mine.

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It is possible this half of 2023 will be a tough 6 months in the market as interest rates increases start to bite hard and the high probability quite a few countries will enter a recession towards end of 2023. Under this scenario the price of metals like Cu and Ni and Zinc may fall further bringing opportunity to buy mining stocks at even lower prices.

ASO Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $16.83M

Open	High	Low	Value	Volume
1.4¢	1.4¢	1.3¢	$393	30.21K

Buyers (Bids)

No.	Vol.	Price($)
2	82593	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	1065797	5

View Market Depth

No.	Vol.	Price($)
2	82593	0.013
2	1175000	0.012
6	2058737	0.011
7	3300000	0.010
8	1749993	0.009

Price($)	Vol.	No.
0.014	1065797	5
0.015	2222261	9
0.016	1649788	3
0.017	442238	2
0.018	281235	2

Last trade - 10.29am 18/09/2024 (20 minute delay)

ASO (ASX) Chart