That's what holding ASN share price back. If you have many commodities, you must demonstrate you can separate each one of them in pure form. That's hard chemistry. If you cannot separate them, they are completely worthless. That's why I don't hold ASN. Similar to rare earth stocks. Separation of minerals is very hard.
LKE is a lithium player. ASN technically is not an lithium player as lithium only worth a fraction of total profit. But good thing is they are more immune (in theory) to lithium price downturn.
LKE has more upside if lithium stays strong. Further, LKE cost will be much lower as it is a single commodity. If you think lithium price will go up, then LKE probably a better buy than ASN complicated chemical engineering that's what holding share price back.
ASN and LKE Lithium, page-78
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LKE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.0¢ |
Change
0.001(2.56%) |
Mkt cap ! $66.74M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.3¢ | 4.0¢ | $430.7K | 10.53M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1033639 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 60654 | 3 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LKE (ASX) Chart |