LTH have been extremely loyal to ASN management due to the obvious potential to produce multiple elements from Paradox Brine aquifer.
There comes a time where patience becomes futile and every investor has to decide when that time is. There are a limit to the amount of delays shareholders will tolerate when company communications fail to keep shareholders updated on a regular basis.
It seems to me that GREEN RIVER area is the only option currently available to potentially extract due to the very sensitive nature and permitting difficulties of PARADOX area.
Drilling PARADOX production wells and routing a pipeline through to the proposed Colorado R Production facility is, in my opinion, not going to happen before lengthy delays seeking permits and probably never under Anson stewardship who don't appear capable of negotiating through the concerns of local stakeholder groups.
I've personally got $120k riding on ASN that is not performing to timeline and Capital Gain expectations
My plan now is to see how January and 1st qtr pans out and hope there are clear signs that FEED will be successfully completed before end of June.
If not that will be the time for me to move on as patience will be exhausted.
And watch it take off the day after I've sold
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Last
6.5¢ |
Change
-0.004(5.80%) |
Mkt cap ! $90.00M |
Open | High | Low | Value | Volume |
7.0¢ | 7.0¢ | 6.5¢ | $184.5K | 2.789M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 358747 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.6¢ | 120000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 358747 | 0.065 |
3 | 420000 | 0.064 |
2 | 69195 | 0.061 |
8 | 461683 | 0.060 |
1 | 100000 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.066 | 120000 | 1 |
0.067 | 89850 | 2 |
0.068 | 500001 | 2 |
0.069 | 120000 | 3 |
0.070 | 62745 | 3 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
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ASN (ASX) Chart |