For me it makes financial sense to concentrate on Bromine and its production before Lithium production.
I suspect that once the Bromine tests and production plans have been completed ,the company will be in a position to see the financial rewards for Bromine and cost of also building the Lilac plant to holders ,sooner than latter.
Why build a expensive Lilac plant to produce Lithium that is falling in price when Bromine is going up in price and at around the worlds highest grades at the Paradox Basin.
I will wait for the final word on Bromine going forward ,but if the company is to stupid to see the issue in building a costly plant to produce a low grade mineral that is falling in price rather than just concentrate on Bromine ,I will sell out.
I also think that there is a possibility that a joint venture company could build the Lilac plant processing the waist water from Anson's Bromine plant ,with Anson and the other company sharing the profits on Lithium only.
Bromine is going up ,Lithium is going down ,the Bromine is a high grade ,the Lithium is a low grade ,so its all about the financial numbers.
I don't invest in companies where management make stupid financial decisions ,so I wait to see what this management does over the coming year.
ASN Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
