Utah hits pause on mineral company’s southern Utah lithium project, page-234

@asxinvestor2024,
Just a quick glance at the financials and the halt/suspension of ASN / A1LITHIUM water permit. !
I see the word suspension is being used, how long is this going to be suspended (i guess how long is a piece of string), ?
Then you got two posters here posting old articles and misinformation ,and then their relentless campaign of bagging non stop of a fellow peer they don't hold, and why do they do that, what is their motive when their own holding ASN has had their water permit suspended.?????????
Your 10 cents that gives ASN a valuation of a whopping $130M when the company only has $17m in cash and burning that extremely fast, so imo 10cents is generous.
ASN have $17m in cash and an unused finance facility in place of $30m and when looking at the latest quarterly report it shows that figure $47m is only planned to last 9 quarters at a current steady CASHBURN OF OVER $5M per quarter ??
I put a price here of $70m which is just so high pie in the sky price and that would give a tad over 5 cents.
And remember how long does this "SUSPENSION" of the water licence going to last,
At a worst case scenario, ASN could find themselves in a year or so with no cash and burning through the $30m debt facility and still no end to the suspension?