ASN Ann: Resource Expansion Drilling Program Update - 23rd May 2022, 8:20am

[annb0t]

ASN Ann: Resource Expansion Drilling Program Update
Price Sensitive: Y
Date: 23rd May 2022, 8:20am

>>> Read announcement: Google: ASN Market Announcements

 

[Embassy]

Now time to hold your breath while we await the much anticipated assays.

Obviously if it’s not great, even though ASN already has a good outlook with the current resource, if we are being realistic then the market will almost certainly punish the share price severely. Flip side is that even if it’s just the same PPM as the other holes, well that’s an immense resource that hopefully is just as pressurised and if the DLE works, makes it a very economical domestic option for one of the largest markets and should see share holders rewarded very handsomely.

Good luck everyone!

 

[BEISHA]

Now time to hold your breath while we await the much anticipated assays.

Obviously if it’s not great, even though ASN already has a good outlook with the current resource, if we are being realistic then the market will almost certainly punish the share price severely. Flip side is that even if it’s just the same PPM as the other holes, well that’s an immense resource that hopefully is just as pressurised and if the DLE works, makes it a very economical domestic option for one of the largest markets and should see share holders rewarded very handsomely.

Good luck everyone!

I dont believe Mr Market has priced in any positive results with the expansion yet, bearish MACRO has stymied any FOMO up to this stage, ASN ridiculously cheap if you asked me, if results are negative, we may drop back to the strong support at 10 but there after, hopefully it recovers nicely for the PFS / DFS Lithium / Bromine, come June / July.

imo

 

[Embassy]

I dont believe Mr Market has priced in any positive results with the expansion yet, bearish MACRO has stymied any FOMO up to this stage, ASN ridiculously cheap if you asked me, if results are negative, we may drop back to the strong support at 10 but there after, hopefully it recovers nicely for the PFS / DFS Lithium / Bromine, come June / July.

imo

I also agree nothing has been priced in really. But I reckon if the results are a miss, it’ll be 8c before you can blink!

I don’t think that’s reasonable, but the market is fickle and will almost certainly overreact.