Well, this looks like an exciting time to finally join the ASR conversation, so here’s my first post!
I’ve been lazily sitting back only reading HC TNR/ASR posts over lunch for the last 2.5 years (making no contribution at all) so firstly I have to say a big thank you to Mode Et al. for providing so many mostly constructive, balanced and useful posts.
Whilst the MRE was disappointing for most of us it does at least provide a nice backstop for Asra and it is good to now be clear of the uncertainty; based on my research it won’t take many correctly positioned holes to increase at least the inferred component significantly.
In any case there appears to be something so much bigger in the pipeline here, and I think ASR is still just scratching the surface of the very beginning - they certainly have my full attention now…
Even though the SP hasn’t moved much yet, IMO the recent volumes clearly demonstrate some larger and/or sophisticated investors have finally taken a proper look at Asra’s Mt Stirling REEs.
For the record (for anyone who cares), I’m a long term holder, I have accumulated substantially more ASR recently and plan to continue doing so around current prices, and I am not planning to sell in the short term.
I look forward to engaging in constructive discussions as all this progresses…
DYOR
(20min delay)