ASR 0.00% 0.6¢ asra minerals limited

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  1. 1,047 Posts.
    This is all starting to sound needlessly gloomy. At this point in time their ongoing operation isn't particularly expensive to run, and the materials by the company have stated various times that the Madagascar process is run to a self-funding approach.

    None of the TNR staff as far as I'm aware are on salaries; they are going to be compensated through the options they have been granted if and when the SP appreciates.

    And if due to unforseen circumstances cash is needed, or if it is deemed that the project and the SP would benefit from a cash injection to speed up progress, then there is a whole smorgasbord of options available to TNR.

    It isn't like they are having a wild stab in the dark at a project that may or may not pay off here. They have found gold. They are busy establishing the exact size of the resource ranging from either large to really large. And we're only weeks away from further confirmations, and mere months from initial production ramping up.

    It's natural to hesitate and be fearful when you start thinking it is possible for the SP to not go where you expect, but let's all keep in mind that this isn't a completely wild punt anymore. Far from it.
 
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