ASN 6.15% 6.9¢ anson resources limited

I think a cap-raise is out of the question, Zhongfan is helping...

  1. 77 Posts.
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    I think a cap-raise is out of the question, Zhongfan is helping fund this drill campaign and the in-field pilot plant. But they haven't proven any resource yet, so a cap-raise or cash injection doesn't add up at the moment. They have enough working capital for now and I can't see Zhongfan or other private investors giving them cash based on how the drilling campaign has gone so far.

    I also don't think its in relation to re-testing GB2 as they don't need a trading halt to announce that they are having these re-tested. A simple NR to the market would suffice.

    An announcement regarding LC is also unlikely, as we just heard about this yesterday, what could've changed or evolved in the last 24 hours?

    This announcement probably relates to results from C.C. As for whether they are good or bad, who knows... I could give a few reasons either way based on hunches, but I'll just sit back patiently and wait!

    Good luck to all invested!
 
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