Ann: Bonus Option Issue Prospectus, page-91

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MrFaargs

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23/10/21

15:18

Post #: 57020249
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Originally posted by Jstarmu1999: ↑

Asn is a lithium stock no doubt. This time last year our sp was 3c. Increasing lithium price drives the sp to 9c now.

Yes, other lithium stocks especially lke had a much better run this year which makes someone here frustrated. I don't understand, do you feel much better if lke sp is 10c? I think it is a great news to asn and make us look more undervalued.

Of course there are reasons why lke runs before us. Assume asn holds same amount of lithium resource only and nothing else, with high purity products and outstanding test result, our sp can be a lot higher now imo.

So you see the problem here. Asn is punished by having extra resources like Br or Bull project. They should add extra value instead. Not even mention Br price has doubled this year and demand is also increasing. So long term the market will correct itself.

BBB should deliver the news what market wants. Focus lithium and fast production and less mention other resource.

For example, I only just knew we also had lithium MOUs since 2017 in the presentation. BBB should confirm if these companies are still interested in our products and provide a timeline when convert into offtake and potential funding. Lithium MOUs and potential offtake/funding, that is the ann current market wants to see and sp can easily doubled. If these Chinese companies can't promise anything, find some new lithium buyers. I'm sure it is easy after the outstanding test result and high demand.

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I mean not really, like I said above the kachi project is largely de-risked and it'll be producing 25 times more lithium than us, if lake pull it off they will be a behemoth in the industry, it's doubtful well ever get close to even 25ktpa but the market is completely asleep on ASN and with the DFS and some good press we'll be flying soon enough, with the revenue of near $200mpa from 2024 we should be closer to a billion MC than 100m and we will be once it's de-risked=]

ASN Price at posting: 8.9¢ Sentiment: Buy Disclosure: Held
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