AMG 0.00% 5.1¢ ashby mining limited

Ann: Sale and Purchase Agreement for Stockpiles Executed, page-3

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  1. 101 Posts.
    lightbulb Created with Sketch. 6
    Good news no capital raising at this SP.
    Not a bad outcome by these guys as i re read the prospectus, purchase price of $1m cash and script for the QLD assets from QMC, then 8 months later sell an old stockpile for $2.5m cash. That;s what i call value adding!
    What other hidden gems do they have up their sleeve that they have kept quiet ? My guess they need $5m for the year, and by the last quarterly should have about $3m in the tank. Any more stockpiles to sell ?
    I would like to see some more cobalt results from SA to excite the SP, i think the market missed the last results.
    ill punt a few more on this
 
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