ASO has previously indicated a target date of Q4/2023 for a Scoping Study to be completed. Obviously, that has not been achievable. Nothing alarming about this since few companies manage to meet indicated dates on things like this. However, it does indicate that not all has gone according to plan and so we are left wondering as to why and what?
An update by the company in view of their previous indication is appropriate, and will help provide confidence in the company's prospects.
Everyone is well aware of the decline in global nickel pricing but whether ASO has its own issues causing a delay in the SS release is unknown. However, both matters will be contributing to the serious SP decline at present.
ASO Scoping Study
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Last
1.1¢ |
Change
0.002(22.2%) |
Mkt cap ! $14.24M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 0.9¢ | $30.2K | 2.965M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 5171782 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 2321136 | 5 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| ASO (ASX) Chart |