Sorry to sound negative. I've traded ASN a few times. But those anns. like calculation of brine volume(LOL), etc where just to pump the SP. MOUs are good. But it's useless until they prove a resource.
They haven't drilled yet.
RLC management are very traditional. Don't expect exaggeration on fake news.
Done with geophysics. Prep. for drilling was going on as we waited for funding.
Now funding is secured. Time to drill.
Meanwhile directors kept buying while market was ignoring RLC.
I prefer holding genuine plays LT and trade pumpers ST.
Ann: Becoming a substantial holder, page-66
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