AS2 3.64% 5.3¢ askari metals limited

Hi,Why would the market react on this announcement?It...

  1. 548 Posts.
    lightbulb Created with Sketch. 158
    Hi,

    Why would the market react on this announcement?

    It exemplifies that Askari is optimising its resources in Namibia including that Cliff made the announcement (not Gino).

    Gino may be in the final stages of signing up additional exploration license agreements.

    Reaction will happen when the changes deliver results in coming month.

    For the quick money investors in Askari it is probably not that exciting. I think this announcement gives great insights about what is happening in Namibia.

    The overall Lithium and mining space is currently rather depressed. Look at AKE today for example.

    Uncertainty about China's economy weighing on raw material prices and the market overall.

    K
 
watchlist Created with Sketch. Add AS2 (ASX) to my watchlist
(20min delay)
Last
5.3¢
Change
-0.002(3.64%)
Mkt cap ! $5.178M
Open High Low Value Volume
5.0¢ 5.3¢ 4.7¢ $12.05K 242.3K

Buyers (Bids)

No. Vol. Price($)
1 40000 4.7¢
 

Sellers (Offers)

Price($) Vol. No.
5.3¢ 49847 1
View Market Depth
Last trade - 15.36pm 19/06/2024 (20 minute delay) ?
AS2 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.