AHN

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0.4¢ athena resources limited

my apologies, looks like you are correct, oh well another one...

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J.W.Pepper

5,930 Posts.

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19/10/23

14:55

Post #: 70429303
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Originally posted by Snowy84 ↑

unfortunately not dramatic. When your expenses are so high and you can’t raise funds to cover your tenement and lease obligation alone will have this heading into that territory. This is why we are losing our other tenements.

they have moved from company one to another to raise over the past 5 years now.

when you are at this low SP what can you give away. Sell at .001 0.002 CR plus 2 or 3 free options per share?

so they haven’t drilled to expand the resource and they are burning through the money elsewhere, they can easily at this moment go into administration now. What sell story are they going to use to get millions in the door that they require? They pretty much said green metals ain’t the way to go for them, they’ve explored and drilled over the past 16 years with Ed, over time raised many a million, been offered a take over years back for $20m but here it sits with very little money in the bank and now needing more. No proof of where the $3m in the last year alone has gone other than admin cost etc. More internal people than ever before, using outside consultants as our directors don’t have the experience and so on it goes.

administration is a very likely call. Unless someone stumps up as a partner, takeover etc which I believe is the only way forward atm to save AHN.

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my apologies, looks like you are correct, oh well another one down the tubes, best of luck to everyone.

AHN Price at posting: 0.3¢ Sentiment: None Disclosure: Held
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Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $4.281M

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No.	Vol.	Price($)
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my apologies, looks like you are correct, oh well another one...

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Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

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Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

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my apologies, looks like you are correct, oh well another one...

Top Stories

ASX Market Open: ASX200 to rise for Friday session | July 26

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Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

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Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nine's staff strike as Paris Olympic coverage begins

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

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