When/if the Li market turns a company such as MAN will be years behind in development and be unable to capitalise on the Li prices (Its a bit of a chicken and egg scenario). The $$ needed to get to ASN's stage of development is significantly more than MAN's current cash position.
ASN is not in production so the current Li prices are only a guidance. The low Li market bodes better for ASN as it inhibits new competition (eg MAN) and may restrict overall Li supply as only the strong survive.
Ann: Quarterly Activities and Cashflow Report, page-202
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Last
10.3¢ |
Change
-0.003(2.38%) |
Mkt cap ! $132.2M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.8¢ | 10.0¢ | $82.70K | 792.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 3269972 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 70298 | 12 |
View Market Depth
| Last trade - 11.43am 02/08/2024 (20 minute delay) ? |
| ASN (ASX) Chart |