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5.3¢ askari metals limited

Appreciate your comment Westy9.It is unchartered territory to...

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Understatement

548 Posts.

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15/08/23

22:02

Post #: 69356883
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Originally posted by westy9: ↑

@Understatement Unfortunately both location and study obligations prevent me from visiting these things, no matter how much I'd like to.

If Namibia proves worthwhile, I'll be funded to visit any Askari booth. Appreciate it, K

In my view Uis is a binary play, that will be decided by the diamond drill. That's it. If they hit nothing in this upcoming mini-campaign, then I'll take a small loss and move on. My position is certainly smaller than it once was, as I have lost some confidence in the geology of the prospect (geochemistry of the pegmatites, overburden, and aquifer/weathering complications). I don't mean to be negative, just realistic.

At least bad news seems somewhat priced in, so upside on success could be pretty good. Good luck all.

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Appreciate your comment Westy9.

It is unchartered territory to look for Lithium in Namibia.

Agree that the risk/return profile is not for the faint hearted.

Value is rather depressed for good reasons.

Positive drill results are required.

Gino explained that drill rigs and access to laboratories in the region is rather compromised and causes unplanned and unscheduled substantial delays.

It is all about try and learn. Not ideal, but it is what it is.

I am waiting for more results.

Thanks

K

AS2 Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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