MAN Fundamentals far out weigh ASN and i will tell you why.
Leverage is ALL IMPORTANT in this penny stock game so--
MAN $15m CASH , MC $15M ASN $15m CASH , $230M MC
MAN Multi projects Paradox have to date found Extremely high grade Uranium and Lithium. JORC Resource pending this quarter.
MAN hold a highly prospective COPPER, GOLD Project in Northern Territory Berlina Copper Gold project. MAN hold Nickel PGE CU Gold projectNewleyline near the giant CHN Julimar operations,(MAN rose $12m at 20cents on this project pre covid )
Importantly for ASN their cashburn is extremely high and the amazing thing is that ASN are pressing through with work at their flagship project even though there is a halt on the project pending environmental concerns moving forward, the reason they can continue to do temporary work is because as stated by ASN
""It should be noted that the a “Request for Reconsideration” of the Temporary Water Extraction Permit grant was required to be lodged before 30th May 2024. No application for reconsideration was received b ythe Water Engineer by this date and therefore this permit status remains granted. As this temporary permit valid for 12 months the Company is continuing with its work at the Green River Sample DemonstrationPlant""
Therfore MAN fundamentals are extremely strong given MAN are trading at cash backing and any news out of Berinka Copper Gold, Nerwleyline PGE Copper Gold (watch CHN ) and Utah JORC will rocket the MAN share price fromn here as MAN at cash backing of their $15m in the bank.
Watch the huge cashburn this month for ASN when the quarterl;y report comes out that will be something imo.
LEVERAGE IS ALL IMPORTANT IN THIS PENNY GAME, the leverage for ASN is all down with a $230m MC and only $15m in cash if they are lucky once quarterl;y report comes out.
ASN Price at posting:
15.3¢ Sentiment: None Disclosure: Not Held
