ASN General Discussion, page-30460

@sharebroker1

You may be processing your disappointment a lower ASN share price, but it is unhelpful / unkind / unfair / uncool to take it out on other posters.

Each investor is responsible to source and vet the information they use to make decisions. We should resist the temptation to blame others for what we decide to do or not do or to take out our disappointment on anyone but ourselves.

As many holders of ASN have pointed out to you, theposters you regularly berate add great value to this forum. I am here for their posts.

I bought ASN at over 20c because at the time I thought that was fair value for the oppportunities in front of the company. I am not blaming anyone for that. When trading at 15c in 2023 as noted in your post, the same was true.

The fact that the stock is trading below 5c today is not conclusive evidence that the stock is worth 5c or does not make @TabPerkins wrong . Most companies trade at a different price to their intrinsic value. Emotions drive a lot of pricing.

@TabPerkins post earlier this week from www.miningfeeds.com said it cogently. There is a natural development cycle for early stage mining companies and share prices go quiet because it takes longer than the willingness of some investors to wait for the intrinsic value to be reflected in the share price. With some sellers and the lack of catalysts the stock has to fall or tread water. To patient investors, that's the opportunity The future may prove "believers" wrong, but the probability of being right is higher IMO. IOW, there is greater upside than downside.

One lesson to learn from this is to anticipate the impatience of others to wait out the development grind and be as patient about your entry point as your exit. No doubt it's better to buy at 5c than 20c (I have bought at both) but we can only judge if buyers are right or wrong when ASN gets to develpment (when both 5c and 20c buyers will be "right") or folds its tent. Until then, its premature to say anyone is wrong IMO. Am I deluded? Maybe.

Given the evidence of the resource and structural demand for Lithium, Boron, Uranium, my intuitive view of sensible intrinsic value for ASN before funding locked in would be something like $400 to $500m or 40c / share.

The marginal seller may have a different view. Thats ok, I can wait.