There isn't much they can do - finalisation of the PFS is in the hands of the 3rd party consultants.
The fact is, the PFS would have been released by now if it wasn't decided that additional drilling should be performed. Why was that decided? Because modelling by the 3rd party consultants indicated that additional drilling data would allow Aspire to further increase their reserve. Personally, I'd rather wait a few extra weeks and have a larger reserve referenced in the PFS.
Whilst it's annoying/frustrating to have these delays, especially with the declining share price, it doesn't change what's in the ground. Our only REAL issues are the broader macro environment, but valuations have always taken into consideration a coal price significantly less than the current spot price.
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Last
32.5¢ |
Change
0.025(8.33%) |
Mkt cap ! $164.9M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 32.5¢ | 28.0¢ | $120.3K | 408.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 60001 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 2123 | 1 |
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| Last trade - 15.48pm 19/07/2024 (20 minute delay) ? |
| AKM (ASX) Chart |