ASN 3.28% 6.3¢ anson resources limited

Good old fireside chat, page-10571

  1. 7,067 Posts.
    lightbulb Created with Sketch. 541
    We also have the house socialists loons getting together to get rid of domestic planes cars and cows within 12 years ,they call it the new green deal.
    This pressure from these loons will help speed up things like battery storage tech and EV tech.
    Trump also hinted in his recent speech that there will be a push for alternative energy ,cant remember his exact words but he and the GOP are looking to expand into the none fossil fuel energy sector.
    The GOP will need to appease the loony section of the Democrats by implementing some changes ,or if them loons take control of the government we will all suffer along with ASN.
    In regards to the share price ,I have been keeping a eye on the traded volume and size of buy and sell parcels over the past 6 months ,when the price was below 4 cents there was a lot of large parcels sold on the way up to 5.9 cents ,these larger holders have been locked out as the price only dropped back to 6.4 cents and on very low volume.
    From 3.7 cents to 18 cents the larger sales occurred at 11 cents to 13 cents then the last of the larger sellers sold in the 9 cent range.
    Now what all this trading tells me is that those that sold large parcels below 6 cents are locked out and those who sold in the 9 cent range will struggle to buy a larger parcel due to the share price going up on low volume ,hence little volume available to sell below 10 cents.
    My interpretation of charts is where the large volume occurred.
    My take on all this is that most of the previous holders in the 200k to 2 million holding groups have not bought back yet ,the current trading has been smaller new to market and lower value mum and dad investors.
    I just cant see how many of these previous larger holders are going to be able to buy back in for less than they sold ,apart from the sellers in the 11 cent to 18 cent range.
    In all honesty I think the share price is on the verge of shooting up very fast above 10 cents on minable volume catching out many who want to buy back in before the next round of drill results and or brine extraction test results.
    None of the above would matter with a quite stock ,but ASN is in the announcement phase with a lot of potentially company changing news that could happen within a short period of time.
    I think big money will pay more this time and the little guys and girls will be the real winners here for getting in early or sticking with there research ,but still some profit for big money ,its just they will now have to pay a lot more.
 
watchlist Created with Sketch. Add ASN (ASX) to my watchlist
(20min delay)
Last
6.3¢
Change
0.002(3.28%)
Mkt cap ! $113.7M
Open High Low Value Volume
6.2¢ 6.3¢ 6.1¢ $85.88K 1.385M

Buyers (Bids)

No. Vol. Price($)
1 10000 6.2¢
 

Sellers (Offers)

Price($) Vol. No.
6.3¢ 340652 3
View Market Depth
Last trade - 16.10pm 03/12/2024 (20 minute delay) ?
ASN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.