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CSE – the best ASX shell play -$1m EV, page-15

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minoil

10,952 Posts.

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06/08/21

17:24

Post #: 55094807
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Originally posted by tiryns123 ↑

This is a really a superb quarterly given the circumstances. Management are keeping cash burn tight at only $100k per quarter which means we still have $1.15m cash on hand as at 30 June. We also got confirmation that there are TWO live deals at play in the due diligence phase, albeit progress has been somewhat hampered due to COVID-19 lockdowns/border restrictions. My guess is that we are going to pick up some advanced exploration assets in WA (hopefully within the battery materials space) and the delays relate to the hard border in place against COVID-19 effected states.We also know why the ASX kept providing listing extensions (and is likely to continue to providing them) because CSE have proved they are actively reviewing asset acquisitions and that the reasons for delays have been legitimate.

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Crunch time coming....Monday will be interesting....took a few to risk a short suspension at worst, given the commentary

CSE Price at posting: 9.6¢ Sentiment: Hold Disclosure: Held
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