ASN 0.00% 6.4¢ anson resources limited

Strength of news? I think that misrepresents things a bit. They...

  1. mbc
    369 Posts.
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    Strength of news? I think that misrepresents things a bit.



    They popped open a hole they said they would and brine flowed as logs said it would, hardly anything special, that the price moved at all didn't make much sense and was probably day trading and topping up.



    The reality is ASN is still quite risky, until there is a JORC it could be a 15 year resource or a 15 month resource. The price may move on the assays, but until the resource is defined it'll keep on coming back to sub 10c levels.



    Keeping a sense of the real situation is important, this is your money after all. It's fun to think there is no risk and we are about to head to the moon; but the rocket is being fuelled right now, and that's actually the most dangerous part - one spark and it explodes.
    Last edited by mbc: 28/02/19
 
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