AHN 0.00% 0.4¢ athena resources limited

General discussion - re rate start August 2023, page-450

  1. 1,987 Posts.
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    I’d say getting close. Around $400-600k in the bank, taken on new directors, hiring consultants, trying to keep tenements in court (legals) due to lack of management and spend, no resource expansion due to not drilling, no thorough financials on where the money from CRs has been spent.

    CR is needed and as a few, myself included have highlighted “why would anyone buy AHN now”

    history is there re bad and poor management and fraudulent announcements and it looks like the only way up for AHN is for them to go and be a private company which if the directors buy more it could well untruly be.

    once a $4m MC company is owned by very few to the extent of 50% 60% etc it leaves retail investors stuck and not able to sell if they ever want to.

    those are a few reasons I think AHN are closer than ever to having zero dollars and or no way out.
 
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