Anson’s largest shareholder is the Chinese chemical conglomerate Chia Tai Xingye International. As I have often said, there’s probably just as much Chinese money behind AZL, it’s just not easy to spot. And how smart are Anson’s sophisticated institutional investors? Well, the company raised capital last September for 36 cents a share. Today it’s trading at 16 cents.
Anson’s brine for DLE in Utah tests at 125ppm, not much higher than Prairie. They plan to use Colorado River water to process it. Utah so far doesn’t have as much of a problem with that, as Arizona. Still, I would not want to predict the allocations and costs ten years from now.
It’s unclear from their reports whether the land Anson plans to "mine" is federal, state or private.
AZL General Discussion, page-17543
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Mkt cap ! $67.10M | |||
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