Also, with MC at $130m-$170m and lowish number of Buys and Sells in the queue (compared to many other peers, say AZL or even SYA), someone with $100k can easily move ASN SP 1c up or down. A bit like traders / manipulators paradise.
But for say AZL or SYA, even when they were around 13c-15c, you'd need $400k+ to move its SP 1c up or down.
This should change when ASN's drill result from the Mississippian shows a measured, indicated and inferred JORC resource of at least 25,000t p.a. over 25 years, or even better 50,000 p.a. over 25 years.
SYA's latest update of 1,250,000 Contained Li2O (t) helped its MC to grow from $900m to $2.6b.
ASN MC is still merely $134m.. so when it's proven the Mississippian supersaturated brine is very very salty and containing close or higher than the max target of 1,340,000t of Li2O, that'd be higher than SYA and we would all be very very happy!
Have a good long weekend everyone, just wanting to improve the mood of ASN holders
ASN General Discussion, page-224
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $167.4M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.5¢ | 12.0¢ | $436.6K | 3.425M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 430065 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 1595702 | 10 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
13.5¢ |
Change
0.005 ( 8.00 %) |
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| Open | High | Low | Volume | ||
| 12.0¢ | 13.5¢ | 12.0¢ | 721101 | ||
| Last updated 15.28pm 06/05/2024 ? | |||||
| ASN (ASX) Chart |