Good old fireside chat, page-9452

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Downs

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30/11/18

07:34

Post #: 36697657
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Originally posted by Downs: ↑

Imo we have to complete 3 successful holes and have the product tested which is still happening. We have only completed 1 well and still testing the end results of that product. Still 2 wells to go. We are still a spec company and with only 1/3 of the wells completed we are priced right at the moment. Some investors may not want to sit through the the drilling of the next lot of holes as we have had a dissapointing well previously. Nothing is guaranteed in this industry. High risk high return. The sp is not overinflated so there is not a risk of what happened before. We are priced at what we can currently prove to the market. The share price does not represent the potential for this company. This time of the year share prices generally are softer due to the holiday season. I’m not expecting a big run until next year which is only about 1 month away. The price won’t fall much further just look at the numbers in the sell. If someone wants to buy a large amount they will have to pay a higher price. Don’t worry about the day to day fluctuations. The geology is in our favour and the chemistry work is going as planned. Those that want confirmation by announcements before they buy will pay a higher price. I personally don’t require re confirmation of what Bruce has already told us.
What about the integrity of the work being done.
The large buyers will come mark my words. Make the field and they will come. Until we have completed what we set out to complete here in UTAH large buyers won’t come to stay. Once ASN is producing and have evidence of revenue it will be a different story.
Mention of a credit raise imo we may not need one as we will generate the flow of funds through production hence fast tracking.
Good luck to all

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Morning all, I have some good news for all Lithium enthusiasts out there. Price has moved upwards which will give a boost to our sector. It may be time for a rebound in the lithium price as it has fallen somewhat. Something to have a look at. Imo it’s due to head north. And it may be happening at the right time for us ASN holders. Have a great Friday all.

ASN Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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Last 9.6¢		Change 0.000(0.00%)		Mkt cap ! $125.3M

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Good old fireside chat, page-9452

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