Yes the days of buying into hype is gone at the moment in the Lithium sector ,other than the occasional hype focus on one stock at a time if investor traders think there is a high chance of success ,traders need to put there money somewhere.
If a stock goes up 50% before the announcement comes out it is hype confidence ,or a leak of a good result.
95% of the time a hyped spectacular expected result does not happen ,in the case of ASN there is no hype so the market is expecting the next result to be close to or just above the CC-32 grade for Li of 142ppm.
In Nevada a company is making a profit on brine containing 100ppm of Lithium ,yet it seems investors have little understanding of the significance of the Paradox Basin brines considering the Li grade is higher plus additional minerals ,cheaper to process with no water regulation issues plus not a depleting brine resource competing with other companies already processing brine ,like just about everywhere else in the world where majors are pumping there waist water back into the ground diluting and contaminating the Li grade for other developing companies.
The time will come when investors truly understand the significance of holding a large land holding at the Paradox Basin.
ASN Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
