ASN General Discussion, page-7472

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keepsmiling

4,208 Posts.

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02/02/23

17:45

Post #: 66037772
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Originally posted by MrFaargs: ↑

well tbf in that period we also had the announcement of stakes claimed for a new project nearby, management team strengthening and the approvals for the western expansion, are you saying that none of that is factored in and this rise is solely based on the ETF? They have 46m shares currently, 35m of which were acquired on tuesdays close when the SP was already at 27c, if anything they only bought 10m in the days prior to that and each day we had volume in the tens of millions, so that doesnt add up, many others bought in between 17c and 27c based on the FA
i agree in part that a lack of news can cause people to sell and it may lower but once drilling starts "in a few weeks" there will be near continous newflow, not to mention the other big ticket items upcoming, no investments are garenteed moneymakers but look at every company after financing for a major project has been announced, why anyone would sell for 21c or so when that announcement could come at any moment is crazy to me

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'new project nearby, management team strengthening and the approvals for the western expansion'

Did the sp move north when those Li related announcements were made?

I didn't say that the eft funds purchased all the stock when the news got out that they were re-balancing? Some funds took advantage of the forced situation.

ASN Price at posting: 28.0¢ Sentiment: None Disclosure: Not Held
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