ASR 0.00% 0.5¢ asra minerals limited

Mode I'm not being negative. I'm presenting a contrary opinion...

  1. 4,612 Posts.
    lightbulb Created with Sketch. 1020
    Mode I'm not being negative. I'm presenting a contrary opinion to your extremely bullish one, which I think people here deserve to have the chance to read, challenge and form their own views.

    They don't have $15m worth of bull tokens.
    • The bull tokens will be released to TNR at a rate of 7% of holding per month until all tokens are distributed which will take over a year to receive them all. If the price goes up great...if it goes the other way...oh well so be it.

    • 4 months might be too late for proceeds from TNRO (hence this whole scheme at the moment to get people to exercise early)
    • The funds from the TNROA serious 3.5c options is not $12 million until they are exercised, that's years away Dec 23. The initial income will be approx $347K minus the ~$60K fees associated so net ~$280K
    • The station could be a good CF +ve investment but its not right now so we can't rely on that
    • The cattle muster might bring in a few quid, but it hasn't (and has been delayed once already) so we can't rely on that.

    No disagreement about the prospects in the ground.
 
watchlist Created with Sketch. Add ASR (ASX) to my watchlist
(20min delay)
Last
0.5¢
Change
0.000(0.00%)
Mkt cap ! $8.32M
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $13.95K 2.791M

Buyers (Bids)

No. Vol. Price($)
1 531022 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 6414285 6
View Market Depth
Last trade - 15.15pm 29/03/2024 (20 minute delay) ?
Last
0.5¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
0.5¢ 0.5¢ 0.5¢ 30303
Last updated 15.59pm 29/03/2024 ?
ASR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.