agree. the extra 100m shares on issue is 1 day's trading volume at the moment, so not an issue. It's done 115m shares today. To me it's more about market cap - at 12.5c ASN is capped @ $108m, which I think is pretty far below that of its peers. If price doubled from here it would be capped at $200m which is not too high but more in line with other similar stocks, so I think 20-25c is achievable fairly quickly. ASN has been under the radar as they are not well known for their Lithium, more known for the Ni and base metals (The Bull project). I asked a broker mate about Anson and he said "Is that the gold stock near Chalice?" (he's usually pretty good so I think this just shows ASN isn't well known yet)
Ann: Anson Accelerates Paradox Brine Project, page-75
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Last
12.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $154.8M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.3¢ | $203.0K | 1.759M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 281283 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 227890 | 6 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| ASN (ASX) Chart |