Anson Tweets

[Embassy]

Quite a long time between tweets. Not sure if this is an up to date tweet or not, if it is then I seriously wonder wtf they’ve been doing to take so long. Could be as simple as logistical issue, or minor drilling issue or perhaps more wireline testing but I’d expect that on the way up though so confusing.

I’ll reach out to Bruce and see if I can glean some more insight as to the holdup.

 

[Embassy]

Been reading ASN threads on HC, Technician reckons ASN is targeting a resource upgrade to the tune of 2.5B tonnes, up from 300m/T......................thats almost x 10................WOW!!!

DFS by June / July.

Is he on the money chaps in your opinion ?

What the fuck is going on with the BULL ?

zzzzzzzzzzzzzzzzzzzzz

imo

The company updates make it clear it’s more than a 10x upgrade. But it’s just a target, doesn’t really mean much, it’s what they find that counts.

 

[Embassy]

So assuming the last two tweets were up to date, and they drilled 20 odd feet of plug in a day, I reckon the silence and lack of progress earlier was because they downed tools for some reason.. they’re pretty remote so anything logistic can easily cause a delay of a few days with current supply line constraints I guess.

Good to see the flow of updates again, if they work the weekend then they should be close by mid week.

 

[Shivertown1]

The tweet before did say that they carried out additional pressure test work, maybe that is what caused the delay

 

[Embassy]

The tweet before did say that they carried out additional pressure test work, maybe that is what caused the delay

I’m sure part of the reason at least. Still a few days of unexplained delay given roughies usually work weekends and long days.

That’s me talking as a slave driver though, I push hard to get things done. Bruce isn’t quite as nose to the grindstone in comparison.

Anyway, it’s moving on. Very exciting!

 

[Embassy]

So at this rate they should be at depth by end of the week. Plugs seem to be taking quite a bit to drill through, certainly more than I expected, they are operating about 1/3 the speed of a fresh hole.

 

[Embassy]

Quite interesting to see another week go by without much information.

I reviewed the historical well logs again today, definitely nothing else to note beyond the original stuck tool they removed first time around. Clearly there’s some other complexity they haven’t discussed publicly, I’m putting my money on something logistical.

Certainly not far away from the sweet spot announcement in any case. It’s a bit like being a kid at Christmas, everyday closer is exciting but still seems like an eternity to go.

 

[Embassy]

So I was right, at depth sometime end of last week. Realistically about a week behind my expected, almost 2 behind absolute earliest - not too bad really, just seemed like forever when you’re impatient

 

[BEISHA]

So I was right, at depth sometime end of last week. Realistically about a week behind my expected, almost 2 behind absolute earliest - not too bad really, just seemed like forever when you’re impatient

Thanks for the update mate, yes, just like you , am eagerly awaiting news, not only for the drill expansion with Paradox, but also PFS and the ensuing conversion of MOU TETRA, to JV TETRA & OFFTAKE.

The BULL will be the cherry on top.

If you dont mind me asking , whats your nic on HC ?

No need to reply if you dont want to, just curious.

imo

 

[Embassy]

The required levels of muds indicating high porosity bodes well for the historical stratigraphy being accurate, its practically a sea down there. Hopefully one filled with stacks of lithium!

Obviously they’ll need to keep up the pressure whilst they drill, so no real sampling until they’re on the way back up - just as with the other remaining clastic units.

 

[Embassy]

 

[Embassy]

Should only be a few days before clean samples are available, as I interpret the guidance. The webinar is on Tuesday so we should have more guidance on the timelines for assays then.

 

[Embassy]

Making much faster progress now, great to see!

Should be a pretty continuous stream of updates as they finish up drilling and bulk sampling gets underway.

Don’t forget the real action is on the way up, not down. They will sample and run wireline tests through the zones of interest the whole way up, so we should see updates as each of those is ticked off — and it’s much faster to do that once everything is drilled and cased.

Assays should come well before end of June I expect, very exciting!

 

[BEISHA]

Making much faster progress now, great to see!

Should be a pretty continuous stream of updates as they finish up drilling and bulk sampling gets underway.

Don’t forget the real action is on the way up, not down. They will sample and run wireline tests through the zones of interest the whole way up, so we should see updates as each of those is ticked off — and it’s much faster to do that once everything is drilled and cased.

Assays should come well before end of June I expect, very exciting!

The last two announcements has been awesome.

a) Confirmation of MINERAL RICH BRINE

b) Brine can be extracted without pumping for the DURATION OF THE PRODUCTION PERIOD.

HIGH PRESSURE for a radius of 12km

VERTICAL PEROSITY

SHALLOW DEPTH

ESG COMPLIANT

Doesnt get much better than that.............oh, yes it can, DFS coming soon.

ASN is a monster in waiting......

BEST VALUE LITHIUM STOCK IN THE ASX.

imo

 

[Embassy]

Calm before the storm. No doubts, good grades should see wealth creation for holders, a miss will be devastating, even if the current resource is good enough, the market is fickle.

 

[BEISHA]

Calm before the storm. No doubts, good grades should see wealth creation for holders, a miss will be devastating, even if the current resource is good enough, the market is fickle.

Thanks mate for the update, yes, all the signs look very promising, MINERAL RICH BRINE confirmed, good natural pressure, just need that confirmed via grades etc, then incorporate that expanded resource JORC into the DFS, which should be a ripper, then hopefully that TRIGGERS the MOU with TETRA to a bone fide JV.

As you say, thats the theory, need that to be confirmed, then MR market will rerate, if for whatever reason it doesnt transpire, then i agree, short term could be a bit messy.

Heres hoping for the best.

imo

 

[Embassy]

Continuing the messaging of “on track”, we should see results within 2 weeks I expect.

 

[Embassy]

Continuing the messaging of “on track”, we should see results within 2 weeks I expect.

Won’t be enough to stop the price dropping like a stone today. Will offer a great chance to top up over the next week before the assays!

 

[BEISHA]

Won’t be enough to stop the price dropping like a stone today. Will offer a great chance to top up over the next week before the assays!

That 10/10.5 support zone is holding up very nicely.......

Dow futures is up 160Pts..........if it sticks then ASN gets a bump up out of that support zone.

The Feds in the US will be convening on Wednesday to potentially hike interest rates up by another 0.75%.....

We shall see then if the SP drops like a stone, personally, i think we will just be bouncing off that support zone, till news hits.

We shall see.

imo

 

[Embassy]

Now we wait for all the assays. I wonder if they dispatched them as they got them, or waited to get them all, I’m hopeful Mississippian was sent immediately but in all likelihood they just collected it all and will send to lab in one big batch.