Suni you posted..."""Given the only thing that counts is measured ASN has a lot more work today before any financing takes place. Current resource too small.""
Suni you may be right, it's a simple small Jorc and I think it's good and moving in the right direction, but the issue is this.
A few here in HC been hyping some coming huge jorc on HC for so long, and everyone's expectation because of this was high, and today's announcement brings this all back to reality.
Suni said after today's announcement a lot more work needed before any financing takes place, I guess time will tell ,
Look at the market reaction,it is basically saying we expected more and because it didn't come up to expectations ( most likely from the hype here), then it's simply a marking of the stock back down.
There is nothing wrong with today's announcement, except given financial fundamentals etc, the price of ASN stock could be over priced on expectations, and hence we may see a short term correction on this jorc release today??? Who knows??This is my take and explains the fall on this announcement today.Standard business simpe.
You people should be applauding management for their hard work and achievements unlike many other penny stock management that throw in the towels and yell it's all too hard, I say well done to the board for today's jorc announcement just my thinking
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