ASN

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12.0¢ anson resources limited

Excellent analysis, Speedle. Many thanks for your effort to...

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12/11/18

22:11

Post #: 36477429
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Originally posted by speedyl ↑

Geeze its solemn in here. Its simple, the SP is down as everyone has been waiting for the BG LCE announcement from Lilac and it has not come yet as expected. Traders get impatient as they want quick $$$ and sell out to buy the next new shiny share. There are no leaks as some claim as Bruce runs a very tight ship. The rise last week was simply because the traders expected the next (this) announcement to be "BG LCE produced" and it was about the NOI for the re-entry today instead so they sold out. Not very heavy volume either so not exactly the sky is falling day.
If you are a trader then good bye.

If you are LT and still firmly believe in the fundamentals of the company however, like a lot of us do in here, then its just a case of riding these bumps.
For me personally, after having visited the Moab area and the Cane Creek site last month and spoken to Bruce and Ken, I firmly believe that this project will be successful. Even when they had the set back of GB2 earlier in the year they were still tenacious with their focus on getting on with things and attaining new land and getting the bench top testing done to prove that the cane creek brine could be converted into lithium hydroxide. We have the cream of the land in the area now, many existing wells to re-enter (which are much cheaper than drilling new ones...Westco was drilling a new oil well while I was there and I was told it was running 3mths late and costing over USD$50m to drill...re-entries to existing wells are so so much cheaper and management are very wise to get the JORC done using re-entries), and the big differentiation for me personally is all the other high grade products which Hazen are currently testing to determine how we can extract them as well. IMO the market is still not factoring these other very valuable products in and as far as I'm aware (and correct me if I'm wrong) no other lithium company is currently or is looking to extract other high grade minerals as part of their lithium process like ASN is. Our wells also have some oil still in them which can be used to offset some of the operating costs of the plant. So yes while it maybe frustrating that a 3rd party contractor have not yet delivered on the BG LCE results we all want, they have created lithium hydroxide which is used by a lot of battery makers anyway... it really depends on what the customer wants...some want BG LCE others want lithium hydroxide. Compared to alot of other lithium explorers ASN has come a long way already in a short time and its maiden JORC is not far away now either and at just a $44m MC IMO it is very undervalued currently.

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Excellent analysis, Speedle. Many thanks for your effort to visit the site.

Lithium hydroxide will be used by most battery makers from now, especially required by the high-quality EV makers such as Tesla.

ASN Price at posting: 8.2¢ Sentiment: Buy Disclosure: Held
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Last 12.0¢		Change 0.000(0.00%)		Mkt cap ! $154.8M

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No.	Vol.	Price($)
3	29833	12.0¢

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Price($)	Vol.	No.
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Excellent analysis, Speedle. Many thanks for your effort to...

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Excellent analysis, Speedle. Many thanks for your effort to...

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