It's moving due to PLL..... and PLL is supplying spod not battery grade end product to Tesla in 2022 onwards.
PLL will likely tank today as it ran too hard on that news. People leave stocks waiting 6 weeks for drill results let alone 2 years to dig something up and make spod concentrate.
ASN can make finished product and it's geography is close, would make sense for Tesla to get finished product. Being a brine the capex is lower, what was it.... $100million?
Maybe Tesla should do a deal with ASN, fund the capex, get a seat on the board etc.
The SP historically gets picked up a day or three then dribbles down because no deals, no revenues, no offtake, and cap raises meaning dilution. Right now investors see opportunity but if everything stays the same the spike in price you get out of this will dribble down once again IMHO. BBB should be banging on Tesla's door big time
ASN Chart, page-149
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Last
10.5¢ |
Change
0.006(6.06%) |
Mkt cap ! $135.5M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $257.4K | 2.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 666665 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 257135 | 4 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| ASN (ASX) Chart |