ASN 4.76% 11.0¢ anson resources limited

ASN General Discussion, page-19805

  1. 4,923 Posts.
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    So, with chatting with some other Ansonians- get the feeling that URA acting on behalf of a few Instos- so good part is that Instos are buying in- under the URA banner. So probably don’t expect 5% notices yet- these Instos not quite at limit yet.
    Bad news is they’ll keep trying to keep price down while they grab some cheapies.
    Good news is that imo, they’re may be a few Instos, so they recognise most holders are holding, so slowly SP is rising.
    Good news is that often these come onboard later- and will SHORT the sheet out of a Co to get retail to sell as they accumulate- hello CXO/PLS.
    Good news is that there may be a big rush- when news hits, demand goes through the roof & volume spikes as Instos & retail realise last of the cheapies. That big rush could be soon- as Co will soon announce Finance- and imo that will come when GR is Jorced- which is not far off. This could see extra offtake or two and also Govt cash- so it could be a big scramble for shares.
    Bruce has stated producing by 2027, so news is very close Imo.
 
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11.0¢
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Mkt cap ! $141.9M
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10.5¢ 11.0¢ 10.0¢ $84.14K 786.2K

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