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8.9¢ anson resources limited

Ann: Extension of Voluntary Suspension, page-26

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Tcb007

20,408 Posts.

2674

27/05/20

13:44

Post #: 44867785
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Originally posted by 1sharetrader1 ↑

Maybe the ASX regulators are wondering how a company can have a market cap of 10 million then announce a PEA report that shows a US9 billion after tax profit ,that must have turned a few heads.
I think long term holders know what really happened here ,trolls and ill informed investors who did not even bother to research the Bromine content and economics of the Paradox basin brine ,talked negatively about this company by just focussing on the Lithium ,that caused a unjustified fall in the share price.
So I think the issue has more to do with poor individual decisions and assumptions who are questioning the validity of the PEA report who contacted the ASX ,who intern have had to look into the PEA report ,especially considering the company only had a ten million dollar market cap.

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Stage 3 requires AUD$730m, so I doubt this has anything to do with ASN having a market cap of $10m and an after tax profit of what you have quoted.

ASN Price at posting: 4.7¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 8.9¢		Change -0.002(2.20%)		Mkt cap ! $114.9M

Open	High	Low	Value	Volume
9.1¢	9.3¢	8.6¢	$164.3K	1.853M

Buyers (Bids)

No.	Vol.	Price($)
2	57371	8.8¢

Sellers (Offers)

Price($)	Vol.	No.
8.9¢	68644	3

View Market Depth

No.	Vol.	Price($)
2	57371	0.088
4	333148	0.087
5	519229	0.086
6	731500	0.085
2	220000	0.082

Price($)	Vol.	No.
0.089	68644	3
0.090	131287	4
0.091	43150	1
0.093	24460	2
0.094	43589	1

Last trade - 16.10pm 10/09/2024 (20 minute delay)

ASN (ASX) Chart