Whats the plan for ASN (Paradox) from here? well this is what I would do!
Re entry/New drilling at Paradox
Increase JORC resource
Upgrade PEA from increased JORC
Fast track PFS
Add Talent (people) the team is small and would benefit hugely from a experienced appointment/s.
side deals - off takes, batt producers, plant builders
Use PFS (assume good) to fast track funds to production.
How will funds be acquired?
- low interest loans using PFS
-Spin off A1 Lithium and IPO in USA (my preferred option) existing SH'rs get shares
-Sell project (A1 Li) and special dividend to holders.
So the Market Cap? whats realistic? currently the MC is 87M,
LKE is 277M
VUL is 671M
PLL is 942M
Near term ASN should be circa 150M-300M
Longer term 500-700M
near term ASN is due a rerate, and I would think that would be depending on the drilling and JORC upgrade.
I would expect 150M plus to be fair however this would be on the Lithium project alone...
what about the Bull project? Chalice Mining's (1400M mc) little brother...
With the buoyant SP due to Paradox this presents a great opportunity for the dreaded CAPITAL RAISE! ohh no I said it!
The brokers are most likely knocking on the door!
ASN could raise a large amount of cash to fast track the drilling of the bull and should look to raise post PEA/PFS when the MC is much much higher...
So if (big if) ASN can navigate the long and winding road (Beatles tune) the future will be bright and profitable for all holding..
In the interest of full disclosure, I own 1m shares and will not consider selling below 50c (500m MC) if the plan is on track and the market forces are aligned.
This is opinion only and in no way financial advice and you should consider your own personal financial position before making any investment decisions
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Last
6.7¢ |
Change
-0.001(1.47%) |
Mkt cap ! $92.77M |
Open | High | Low | Value | Volume |
6.8¢ | 6.9¢ | 6.6¢ | $140.8K | 2.096M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 255554 | 6.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 115643 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 155555 | 0.067 |
4 | 939410 | 0.066 |
7 | 767516 | 0.065 |
2 | 220000 | 0.064 |
2 | 340000 | 0.063 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 115643 | 3 |
0.070 | 19745 | 1 |
0.071 | 3000 | 1 |
0.072 | 57234 | 2 |
0.073 | 37777 | 2 |
Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
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