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5.1¢ ashby mining limited

Looks like the vendor-side selling is slowly drying out...any...

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mt88

487 Posts.

104

17/04/18

22:16

Post #: 32511757
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Originally posted by Kwai Lou ↑

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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Looks like the vendor-side selling is slowly drying out...any positive drilling results will see SP bouncing hard.

From my understanding, exploration work for the SA tenement will commence this qtr so watch this space.

AMG Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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