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Ann: Extension of Voluntary Suspension, page-26

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Tcb007

20,666 Posts.

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27/05/20

13:44

Post #: 44867785
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Originally posted by 1sharetrader1 ↑

Maybe the ASX regulators are wondering how a company can have a market cap of 10 million then announce a PEA report that shows a US9 billion after tax profit ,that must have turned a few heads.
I think long term holders know what really happened here ,trolls and ill informed investors who did not even bother to research the Bromine content and economics of the Paradox basin brine ,talked negatively about this company by just focussing on the Lithium ,that caused a unjustified fall in the share price.
So I think the issue has more to do with poor individual decisions and assumptions who are questioning the validity of the PEA report who contacted the ASX ,who intern have had to look into the PEA report ,especially considering the company only had a ten million dollar market cap.

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Stage 3 requires AUD$730m, so I doubt this has anything to do with ASN having a market cap of $10m and an after tax profit of what you have quoted.

ASN Price at posting: 4.7¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 7.7¢		Change 0.000(0.00%)		Mkt cap ! $104.2M

Open	High	Low	Value	Volume
7.7¢	7.9¢	7.5¢	$169.3K	2.202M

Buyers (Bids)

No.	Vol.	Price($)
1	13157	7.6¢

Sellers (Offers)

Price($)	Vol.	No.
7.7¢	113969	2

View Market Depth

No.	Vol.	Price($)
5	226223	0.075
7	342446	0.074
7	545630	0.073
9	824609	0.072
3	1172856	0.071

Price($)	Vol.	No.
0.079	409641	7
0.080	880284	4
0.081	1226780	5
0.082	351614	2
0.083	500000	3

Last trade - 16.10pm 11/10/2024 (20 minute delay)

ASN (ASX) Chart

Ann: Extension of Voluntary Suspension, page-26

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

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Buyers (Bids)

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Ann: Extension of Voluntary Suspension, page-26

Top Stories

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

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The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

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Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Issues emerging as Australian companies tackle critical minerals challenge

Defence MOU for propulsion systems pushes Aurora Lab shares higher

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News