ASN 5.80% 6.5¢ anson resources limited

I’m in a pretty similar boat mate. Here for Bang or bust, don’t...

  1. 265 Posts.
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    I’m in a pretty similar boat mate. Here for Bang or bust, don’t plan on selling really as in the end of the day this was a long termer for me and the cash being locked up in anson doesn’t worry me.

    Despite the SP I am still happy with the fundamentals. Some things in the past have been handled a bit rough and maybe not ideally by management however the actions may have been necessary. The SP just reflects the poor sentiment and poor market in general at the moment. Things that can change in a heartbeat.

    Im a firm believer that the Lilac process is scalable and can be continually optimised to give us low cost and efficient production with good recoveries. It is a modern approach to extracting the minerals from the brine and if it works out we will probably see the end of ponds. To see the pilot plant designed and built, the 20Kg made, some other minerals in the mix and some offtake partners on the table we will be in a much better position.
    I think if we can pull this pilot plant off that’s the real key. Showcase the scalability and economics of the project.
    Look at the MC, very very low given what we have achieved and what we own. That is spec stock life though I guess, we can go from way over valued to way undervalued and keep oscillating around there for months.

    As someone more wise than myself once said on these forums. We are no longer exploration with hype of how many PPM we will hit to be ridden for profits and we aren’t a producer with a consistent income . We are in this tough grey area which will define the make or break for this company.

    Good luck to all. A lot of us are hanging in tight, some have to preserve capital. It’s all part of the game.
 
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