Some companies in 2014 are struggling for survival, barely hanging on to their projects and finding extreme challenges raising capital. Others like Asher Resources Corp. (TSX: V.ACN, Stock Forum), are cashed-up, and anticipating a busy exploration season.
Asher has managed to survive the doldrums of the last three years through both opportunistic capital raising, and tight fiscal controls. CEO Richard Buzbuzian makes no apologies for his tight-fistedness.
“Just due to timing and a little bit of fiscal constraint, we have a very low share float – only 22 million shares out, we have $1.7 million in working capital, we raised some flow-through last year to cover off Lavington, and we are adequately funded for the next 24 months,’’ he said in an interview this week.
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Disclosure: Asher Resources is a Stockhouse client.