News: ASN Anson Resources Announces Placement, page-16

I agree, PLS is going to have a very hard time over the next 12-18 months. With debt levels in multiple 100’s of millions, nearly 2billion shares on issue and their Chinese counterparts reneging of deals. The future is looking bleak. A forced CR is the only thing that will save them from insolvency and that will be at a lowball price, futher diluting the SOI. I can definitely see PLS failing where other spod miners like GXY, in my eyes, wont.

But once again, apples to oranges. ASN has no debt, and is a multi mineral lithium brine play. Still in its infant stage. ASN currently has cash in the bank, as well as a debt facility of 15 million if need be, as well as an invested backer, with deep deep pockets. The short term price of lithium doesn’t affect ASN anywhere near as much as it does to PLS.