ASN 4.76% 10.0¢ anson resources limited

Ann: Anson to Acquire Strategic Lithium Project in Paradox Basin, page-16

  1. 2,732 Posts.
    lightbulb Created with Sketch. 1550
    i think its a good deal for everyone, PA get 1m cash and 15m shares which as we know will be worth ALOT more in 24months when they are all released from escrow, they ditch a project which they were never going to do anything with and gain cash and future income from shares to develop their other projects. ASN picks up the missing piece of the project, adds a significant amount of LCE reserves, can use historic sampling to provide a quick JORC increase as we wait for the western drilling to start and we dont have to share any of the brine below of anywhere nearby, plus it should increase indicated in the near term which as we know is whats primarily used for production quantity
 
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