ASN General Discussion, page-14206

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Kotaredrew

5,226 Posts.

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24/08/23

20:57

Post #: 69536114
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Originally posted by Suni: ↑

Holders need to understand ASN's Paradox Basin is essentially considered conceptual. Yes I know DLE already exists elsewhere. Fully aware of that.

However it is not me giving out the $600 mill + to fund the project. The registry was led in to false pretences by the companies mismanagement and clear lack of foresight to actually understand what was going to be required to get funding.

Bruce went to the bank with a big bunch of fancy pictures and a great set of numbers and said give me money.

The financiers said this all looks great. Can you please provide us the proof that this all works? The resource is proven. The production of the carbonate proven to a scale that we are comfortable it can upscale again. Proof that the flow is consistent. Proof of FEED capex will align with the proposed funding amount.

Then reality set in. Bruce could not provide any of this proof. Resource is inferred mostly. Mid size demo plant not in existence. FEED not even started and the only conceptual nature of the brine behaviour.

Lining up all the ducks in line for the Paradox Basin is going to take a very long time. Longer than any retail previously considered due to as I said the false timelines provided that were literally impossible to achieve.

ASN despite the scungy share price and loss of trust is actually in a technically stronger position than ever. Canada is starting its own battery factories which will put even more pressure on local U.S supply.

So, either throw these in the bottom draw and drop the expectation that this is going to production in 2025 or 2026. If you have the patience in 2027 we may be richly rewarded. If you cannot wait the realistic time this project is going to take or cannot handle the risk move on in the next pump. This is not a stock for the faint hearted or the impatient.

DYOR

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Think there’s 2 big holes in your argument Suni…
1) you state what steps Bruce has taken- which has not been stated to SH- so I’m assuming you’re either…
1- Bruce
2-Inner management
3- just making it up

2) not a believer that Sunresin has mastered DLE at all.

Last edited by Kotaredrew: 24/08/23

ASN Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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