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.
When/if the Li market turns a company such as MAN will be years...
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Last
7.7¢ |
Change
-0.001(0.65%) |
Mkt cap ! $104.2M | |||
| Open | High | Low | Value | Volume |
| 7.7¢ | 7.9¢ | 7.6¢ | $133.8K | 1.736M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 246647 | 7.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.7¢ | 139358 | 7 |
View Market Depth
| Last trade - 14.54pm 11/10/2024 (20 minute delay) ? |
| ASN (ASX) Chart |