Your optimistic view suggests that a buyer will see great value in this resource and snap it up for multiples.
My challenge to that logic is that it better be quick. Diminishing production and land holding with small cash balance. Along with Macquarie loan, lease renewal and admin costs make for a tough time ahead.
These are the above ground challenges. Underground is where most of the issues lie with the inability of ATS to prove concept economically works to the satisfaction of any suitor. Church tomorrow!
News: ATS Australis Oil & Gas Says HY Net Loss After Tax $13.8 Mln, page-29
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $11.57M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $8.112K | 901.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3600076 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 157200 | 3 |
View Market Depth
| Last trade - 15.54pm 02/08/2024 (20 minute delay) ? |
| ATS (ASX) Chart |