AHN 16.7% 0.7¢ athena resources limited

Gday all, Not cross promoting here but here's hoping that when...

  1. 1,982 Posts.
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    Gday all,

    Not cross promoting here but here's hoping that when our announcements drop we get a run like MGT has had. Their news dropped on the 9th and you can clearly see they were very quiet up til then. Volume increased on the 9th and the price with it on good news.

    With Athena as mentioned earlier in the week the announcement on the 17th of Jan stated they will need 3 weeks to review the full report of MRE JORC from Entech and that they are now ready to proceed with PFS. The 3 week mark was the 7th of Feb. So assuming they are on track they would have now had ample time to review. On top of that and in those 3 weeks they did the CR getting another $2m into the bank.

    Estimates now are that we have $3m sitting there ready for expansion of resources. When I asked Ed in December about the Moonborough Intrusions he said they look positive but funds were short on funds. So maybe thats what the funds are for.

    So dates - all estimated (hoping management will update with guidance).

    17th Jan - 3 weeks to review JORC MRE
    7th Feb - 3 weeks up for review
    Moving forward any day now - PFS, Firm report from MRE JORC
    Any day now - update on where they are looking at re - testing / drilling as per CR $2m expansion and the where and whats etc.
    Possibly May / June - DFS update
    Possible June / July - initial findings from any drilling as per CR resource expansions.

    As also discussed here - management may be looking at re-branding, website updates, investor presentations and so on. (again this is all chat between several shareholders not directly from management but is very much needed). There is also speculation about a new director coming onboard. Lots to look forward to IMO just patience needed for all.

    Here's to a better week ahead. GLTAH.

    https://hotcopper.com.au/data/attachments/5044/5044527-94f88e55c1f4b1f85350acf382da0be2.jpg
 
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