ASN 7.69% 12.0¢ anson resources limited

Yeah, really disappointing for holders after yesterdays bounce...

  1. 20,105 Posts.
    lightbulb Created with Sketch. 2633
    Yeah, really disappointing for holders after yesterdays bounce to 3c+ but there will need to be a 2-4 more announcements to churn through the 50m. They said the funds were required to complete the PEA expected this month, so that could provide another opportunity for a short term bounce if it's outstanding? BBB signed an MOU Offtake agreement with 3 separate battery manufacturers back in September 2017, really hope he has one lined up for the Bromine.

    This one is a real going concern right now. Over the last 12 months they spent $2.54m on "Development" & $2.76m from "Exploration & Evaluation".
    They've got samples from bench top works done which is great but to spend $2.76m, jeeez. Next CR is going to be very interesting as they'll need plenty of cash to run 3 projects.....dont Bromine & Li pilot plants & now exploration + drilling for Bull project.

    Chia is tapped out and he provided $4.1m over the last 12 months. Wonder what his thoughts are about ASN chasing copper and nickel after he has pumped in over $6.5m for the Lithium & Bromine?
    His average price is now 4.68c
    20m @ 3c =$600k
    20m @ 8.8c =$1.76m
    27.5m @ 6c =$1.65m
    50m @ 3c =$1.5m
    Total invested $5,510,000 average price =4.68c
    Then there the $1m convertible notes he pumped in payable in 3 years - so he has invested $6.5m
 
watchlist Created with Sketch. Add ASN (ASX) to my watchlist
(20min delay)
Last
12.0¢
Change
-0.010(7.69%)
Mkt cap ! $154.8M
Open High Low Value Volume
12.0¢ 12.5¢ 11.5¢ $81.22K 677.1K

Buyers (Bids)

No. Vol. Price($)
13 1389672 11.5¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 153336 2
View Market Depth
Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
ASN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.