ASN 1.00% 9.9¢ anson resources limited

US Dept of Energy, page-47

  1. 10,681 Posts.
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    Hi drew,
    thanks for your question yes Man will deliver a inferred JORC compliant resource shortly,


    The important thing your missing is that MAN have conserved all their cash while getting partners to fundt the plant etc, and also getting access to loads of historical drill cores and data was also substantial and a massive cost saving.

    I realise ASN is more advanced of course they are as they have spent what near $100 m at Paradox and that now is the problem in a lithium market in its knees.
    As you can see ASN are almost out of cash, will need to depend on the $30 loan which will only last 9 months and then what? Potentially in 9 months time ASN are in debt to $30m, no funds and a still disappointed lithium market.
    Whereas MAN are not committed any real money at all di can ride out this serious market conditions.

    These points can't be argued with, so thats my view and I wish you all well.

    Clearly a civil conversation is impossible thank you
 
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