Post by
schocor on May 17, 2023 11:08am
Not That They Have Money.....
FIrst, they will only burn money exploring Virginia. Dont do that.
Second, now that the threat of bankruptcy has been removed for 18 months, this stock needs to be reevaluated. Yes, Storm is still a crummy, second rate project that will never becoeme a mine. And Yes, its partners AW1 is still cronically underfunded.
However, ASton's "assets" will nto be taken over tby the CEO for at least 18 months. Put the pumpers on ignore, and put yuor thinking cap on. There looks to be a trade afoot.
Comment by
Patrick2Linton on May 17, 2023 11:15am
At least they will have the cash to make those interest payments on the debt that is accruing at close to credit card rates. Maybe some of the existing debt will get converted into the PP announced today. That would be a good sign. Gracias. Tik tok. Grinnn. Cheers mate. Yup. Hummmm. Without prejudice.
Comment by
schocor on May 17, 2023 11:26am
YOu woudl assume that $700k of that $2m raise will go to Thomas to pay the debt. Like I said, they haev 18 months of runway after this deal closes. Still no money for exploratnio of their own at Virginia. Maybe some surface plotting, but no real exploration. AS that find, becasue Virginia is not a real exploration project.