ASN CHART THREAD

[BEISHA]

You’re a legend mate. Thankyou

We’re in an interesting period at the moment, where fundamentals and market anticipation (or FOMO) is having a pretty strong influence on things.

If we get a quick fire announcement or two, it’ll be hard NOT to call that gap at $0.225 a breakaway, but who knows - the market rarely forgets……

I’ve no doubt there’ll be another buying opportunity. I just feel more and more like it’ll happen once we’ve touched $0.50 or $0.60 - the dip will come after these awesome announcements drop and us LTH’s will be even more courageous and grab what we can, when we can.

Based on nothing but speculation and the patterns from other stocks. But ASN is well and truly it’s own beast now - plenty of surprises in store for us all!

Cheers again. Love your work

Thanks for the compliment Badger .

ASN certainly is a beast right now, DOW has dropped roughly 1200pts and ASN hasnt budged an inch !

Didnt expect that.....

That being said, I still think ASN is going thru the ABC cycle, there was an attempt to break the ATH of 31.5 ( green bubble ), but failed and now we have a double top.

RSI 14 is 82, thats pretty over bought, and for ASN to go the next leg up and beyond, then that indicator needs to reset to the 50 level or just above.

The last thing you want right now is another amazing announcement to drop soonish, cause the fear would be that you wont get full value, punters would just sell into the news.

Just my opinion bro.

See what happens.

 

[BEISHA]

@badger27 , @Shivertown1 @cosors @FluffyQuack

Gotta admit when you are wrong in this trading game.............

My prediction that SP would drop to 15 - 18 is out the window, if this was a cup and handle play, then the handle must have been that minor wave 4 down ( pink arrow ), in fact, what we are witnessing here is a massive extended ( 2 x 5 waves ) sub wave 3 up..........which beggars the question, can it reach the 3.618 fib level 44.32 or higher ?

Looking at the hourly chart, i reckon minor sub wave 5 up is only half done, with micro wave 1 & 2 complete, with micro wave 3 up playing out as we speak, the target i have for this chart is 45.95.......

Given there is no resistance plus the DOW FUTURES is suggesting green tonite, then i suspect ASN might have another green day tomorrow and have a good chance of reaching that 44/46c target this week.

I havnt bothered showing the RSI 14 indicators, they are blown to bits, but doesnt matter, this is purely a FA play speaking ATM.

Consequently , i topped back up @ 34c and will go for the ride.

IMO, IMO, IMO

 

[cosors]

Thank you @BEISHA!
I admit that I just stumbled into this. A few months ago I wanted to park some money. So that the money is not bored, the lazy toads must work. I know, crazy...
Since I like TSE and there I saw Anson and you love lithium for EVs and I graphite for EVs and I also knew that this is one of the few sources in the US with significant capacity I thought why not get in there.
Then it went down a bit but that wasn't the issue. I overlooked the totally sick spread (between buy and sell) of often over 20% So sit it out. Here in Germany, Anson is not traded at all on many days. There was exactly one day when the spread was suddenly below 5%, which is normal for ASX shares here in Germany. By the way, 157k shares have been traded so far today which seems very little to you but is a lot here, the trading day still has 6 hours.
Then I liked Anson more and more, especially because I already knew the area of the resource through general research and Intrepid. So came the idea let it run and don't look to close.
And then it started eight days ago. I had already had a nice ride with Brainchip, which was great. Hell, but this is more like the kick of a horse We have now ridden an average of 18% up for eight days!
I will wait until DFS, only I don't know when it comes and then unload some of my luckily parked money. Since it was only intended as an interrim I didn't put it under my stock disclosure. I wish us all a good ride. And last but not least, I think it's time for the cell manufacturers and the market that the anode rises from general ignorance and gets a bit of attention like lithium.

 

[badger27]

@badger27 , @Shivertown1 @cosors @FluffyQuack

Gotta admit when you are wrong in this trading game.............

View attachment 15554

My prediction that SP would drop to 15 - 18 is out the window, if this was a cup and handle play, then the handle must have been that minor wave 4 down ( pink arrow ), in fact, what we are witnessing here is a massive extended ( 2 x 5 waves ) sub wave 3 up..........which beggars the question, can it reach the 3.618 fib level 44.32 or higher ?

View attachment 15564

Looking at the hourly chart, i reckon minor sub wave 5 up is only half done, with micro wave 1 & 2 complete, with micro wave 3 up playing out as we speak, the target i have for this chart is 45.95.......

Given there is no resistance plus the DOW FUTURES is suggesting green tonite, then i suspect ASN might have another green day tomorrow and have a good chance of reaching that 44/46c target this week.

I havnt bothered showing the RSI 14 indicators, they are blown to bits, but doesnt matter, this is purely a FA play speaking ATM.

Consequently , i topped back up @ 34c and will go for the ride.

IMO, IMO, IMO

As always, appreciate all your thoughts mate!

 

[BEISHA]

Hi All

The week that was..............

Despite the MACRO being in bear mode for some time now, ASN continued to shine, despite two consecutive red candles coming off the ATH.

With the DOW down another 337pts on Friday night, plus the Global X bearish too, the question now is , will there be another red candle to complete a 3 black crow candle pattern, with SP dropping to the minor support areas 27.92 or 25 OR will the back test at minor support 30 be the pivot for the next leg up ?

Will the RSI 14 indicator drop to the 56 / 50 support, OR will 70 be the pivot to rise to 80 +again ?

Who knows, maybe the HOURLY chart will reveal more........

Looks to me that a base is forming at 30, with the RSI 14 basing at 41..........so if i was a betting man, MR MARKET is setting the scene for ASN to get another leg up.....

A break of 32/34 resistance would confirm that call.


A look at the MACRO

There are a few factors which indicate that the bear run of the DOW, is coming to a conclusion...

a) Minor sub wave 4 down is aligning with the height of minor sub wave 1 up........a potential reversal from there according to EW rules.

b) Some strong support zones lie at present plus underneath.

c) RSI 14 is close to OVER SOLD ( brown line ) and potentially turning up

Same scenario applies for the GLOBAL X chart too.......

So positive sentiment may come back early / mid next week, which will only enhance ASN prospects going forward.

Interesting week coming up for ASN...........will some more resource upgrades be announced ?

Or will the DFS drop ?

Time will tell.


imo, imo, imo

 

[Shivertown1]

Exciting times, Thanks Beisha, I am enjoying the ride

 

[BEISHA]

@FluffyQuack , @Shivertown1 , @badger27 , @cosors

ASN WEEKLY CHART

Well, what can i say, ASN shining brightly .................VERTICAL STYLE !!

3 terrific announcements, in a short space of time, will do that..........the DFS was a ripper................TIER 1 stats thats for sure!!

By my calculations, sub wave 3 up still has another leg up, altho i dont know how given the RSI 14 indicator is severely over sold, .....

DAILY CHART ASN

By my wave calculations, minor sub wave 4 down was completed at 27, with one more leg up to go to complete minor sub wave 5 up.

RSI 14 is 71 on the daily, but has gone up to 87............if you look closely, there looks to be a bull flag

Close up look at how i see the last leg playing out, ....... with a sneaky chance it could go as high as 62c.

All guess work and depends on what news comes next................cane creek resource upgrade , TETRA conversion to JV ?

MACRO wise, DOW up 377pts on Friday night, with GLOBAL X up too............both are swinging to the upside now coming off their respective lows.

More exciting times ahead for ASN me thinks.............as a result of all the things i have mentioned, i topped up at 39 with another 20k, still have more in reserve if it back test to 36c or breaks the 23 fib resistance at 43c.

As always

IMO, IMO, IMO

 

[badger27]

@FluffyQuack , @Shivertown1 , @badger27 , @cosors

ASN WEEKLY CHART

View attachment 16307

Well, what can i say, ASN shining brightly .................VERTICAL STYLE !!

3 terrific announcements, in a short space of time, will do that..........the DFS was a ripper................TIER 1 stats thats for sure!!

By my calculations, sub wave 3 up still has another leg up, altho i dont know how given the RSI 14 indicator is severely over sold, .....

DAILY CHART ASN

View attachment 16315

By my wave calculations, minor sub wave 4 down was completed at 27, with one more leg up to go to complete minor sub wave 5 up.

RSI 14 is 71 on the daily, but has gone up to 87............if you look closely, there looks to be a bull flag

View attachment 16318

Close up look at how i see the last leg playing out, ....... with a sneaky chance it could go as high as 62c.

All guess work and depends on what news comes next................cane creek resource upgrade , TETRA conversion to JV ?

MACRO wise, DOW up 377pts on Friday night, with GLOBAL X up too............both are swinging to the upside now coming off their respective lows.

View attachment 16319


View attachment 16320

More exciting times ahead for ASN me thinks.............as a result of all the things i have mentioned, i topped up at 39 with another 20k, still have more in reserve if it back test to 36c or breaks the 23 fib resistance at 43c.

As always

IMO, IMO, IMO

Legend mate! Thankyou!!

What do we all think about the Tetra potential? Feels like they’ve potentially missed the boat, but still potentially more at play here?

Thoughts??

 

[BEISHA]

Legend mate! Thankyou!!

What do we all think about the Tetra potential? Feels like they’ve potentially missed the boat, but still potentially more at play here?

Thoughts??

Why would you think that TETRA has missed the boat ?

Personally, i would think they are salivating at what is transpiring before their eyes........

But i am sure other companies / offtakers / JV are doing the same

Whatever the case maybe...........ASN is shining brightly no matter what.

Exciting end of the year coming up for ASN.............could we be join the $1 club ..........like that imposter LKE ?

imo

 

[FluffyQuack]

Why would you think that TETRA has missed the boat ?

Personally, i would think they are salivating at what is transpiring before their eyes........

But i am sure other companies / offtakers / JV are doing the same

Whatever the case maybe...........ASN is shining brightly no matter what.

Exciting end of the year coming up for ASN.............could we be join the $1 club ..........like that imposter LKE ?

imo

I think $1 by Xmas is a realistic outlook, given how much more news is to come.

Hopefully the instos/sophs have got their 'fill' and the capping takes a bit of a break come end of September, either that or they have more ammo to play with.

If the whole slinging match between the LKE and ASN camps doesn't ease up on HC, ill probably just post in here for a while. Enjoy the insights from people there but gets clogged up with too much 'member' measuring.

Boron has been a topic of conversation recently, and it's been interesting to see how much usage Boron actually gets in industry.

I have been looking up Iodine spot prices, and was surprised to see a report in April of this year saying it was around $60USD/KG ($60,000.00USD per tonne).

I am wondering how flexible the plant will be, with regards to separating different elements from the brine. In a recent announcements it mentions reverse osmosis to initially filter Boron from brine, curious about Bromine and Iodine.

Time will tell. In the meantime, onwards and upwards

 

[Shivertown1]

I think $1 by Xmas is a realistic outlook, given how much more news is to come.

Hopefully the instos/sophs have got their 'fill' and the capping takes a bit of a break come end of September, either that or they have more ammo to play with.

If the whole slinging match between the LKE and ASN camps doesn't ease up on HC, ill probably just post in here for a while. Enjoy the insights from people there but gets clogged up with too much 'member' measuring.

Boron has been a topic of conversation recently, and it's been interesting to see how much usage Boron actually gets in industry.

I have been looking up Iodine spot prices, and was surprised to see a report in April of this year saying it was around $60USD/KG ($60,000.00USD per tonne).

I am wondering how flexible the plant will be, with regards to separating different elements from the brine. In a recent announcements it mentions reverse osmosis to initially filter Boron from brine, curious about Bromine and Iodine.

Time will tell. In the meantime, onwards and upwards

Boron is treated with hydrogen and oxygen to turn it into boric acid, a white chrystaline powder as the end product, probably worth between 1000 to 1200USD per metric ton

 

[BEISHA]

I think $1 by Xmas is a realistic outlook, given how much more news is to come.

Hopefully the instos/sophs have got their 'fill' and the capping takes a bit of a break come end of September, either that or they have more ammo to play with.

If the whole slinging match between the LKE and ASN camps doesn't ease up on HC, ill probably just post in here for a while. Enjoy the insights from people there but gets clogged up with too much 'member' measuring.

Boron has been a topic of conversation recently, and it's been interesting to see how much usage Boron actually gets in industry.

I have been looking up Iodine spot prices, and was surprised to see a report in April of this year saying it was around $60USD/KG ($60,000.00USD per tonne).

I am wondering how flexible the plant will be, with regards to separating different elements from the brine. In a recent announcements it mentions reverse osmosis to initially filter Boron from brine, curious about Bromine and Iodine.

Time will tell. In the meantime, onwards and upwards

Boron is treated with nitrogen and oxygen to turn it into boric acid, a white chrystaline powder, probably worth between 1000 to 1200USD per metric ton

Wow, didnt realise the potential value of Boron..........thanks for sharing chaps.

Personally, the other mineral that gets me excited apart from Bromine / Lithium, is IODINE , doesnt have the same tonnage as Bromine / Boron, but similar to lithium....plus who knows what the tonnage could be once CANE CREEK / MISSIPPIAN units gets added on...........

Huge markets for all elements...........very excited to see the next chapter unfold.

Looking at the charts...

Interesting to see how the recent CR and the volatile MACRO plays out with the ASN SP.....

Will 36c find support or will it drift and fill the gap at 32, or drop to the reasonable support at 30 ?

RSI 14 has dropped below the over bought zone at 70, will it hit support at 50?

Really hoping that the hammer candle at the 78 fib support for the DOW, turns into a reversal, cause if it doesnt, then there is very little resistance to prevent another 1200pt drop to 29600 support.

Global X needs to find support at the 78 fib support or worse case, support at 70, or sentiment starts to ugly there too........

How will ASN hold up ?

Interesting week coming up

imo

 

[badger27]

Needed to escape HC for some fresh air. Far out! Hope everyone here is good and enjoyed the weekend VERY interesting week ahead

 

[FluffyQuack]

I'm enjoying the start to the week even more

Not sure what happened Friday night onwards, the ASN part of HC devolved into a school yard slinging match. Really is taking the desire out of wanting to contribute further.

Hoping more people migrate over here where constructive conversation can be had without interference from morons.

Anyway, yes, should be an exciting week, new share allotment drops tomorrow, and Cane Creek results are floating about somewhere.

 

[Winenut]

@BEISHA

Macro forces seem to be coming into play

I'm potentially looking at an entry point

Anything below the CR price is obviously attractive

Sub 30c would psychologically sit well but could be hard to get there with reasonable support at that 30c mark

After recent highs some holders "could" be looking at stop losses although I suspect most would hang in there based on fundamentals

Can't necessarily see a lot of selling pressure when the allotment drops as those holders would be underwater at the current levels

Might trade sideways here but possibly not for long with the (dare I say "imminent") Cane Creek results to come in

Interesting times

 

[BEISHA]

Needed to escape HC for some fresh air. Far out! Hope everyone here is good and enjoyed the weekend VERY interesting week ahead

I'm enjoying the start to the week even more

View attachment 17355

Not sure what happened Friday night onwards, the ASN part of HC devolved into a school yard slinging match. Really is taking the desire out of wanting to contribute further.

Hoping more people migrate over here where constructive conversation can be had without interference from morons.

Anyway, yes, should be an exciting week, new share allotment drops tomorrow, and Cane Creek results are floating about somewhere.

@BEISHA

Macro forces seem to be coming into play

I'm potentially looking at an entry point

Anything below the CR price is obviously attractive

Sub 30c would psychologically sit well but could be hard to get there with reasonable support at that 30c mark

After recent highs some holders "could" be looking at stop losses although I suspect most would hang in there based on fundamentals

Can't necessarily see a lot of selling pressure when the allotment drops as those holders would be underwater at the current levels

Might trade sideways here but possibly not for long with the (dare I say "imminent") Cane Creek results to come in

Interesting times

Hi All

HC lost the plot ages ago, i have had multiple requests to go back, but much pefer to bide my time here instead and talk freely a bit more with quality posters who genuinly follow the ASN dream............ an exciting pathway on the horizon despite the bearish MACRO, with next JORC resource update coming imminently with Cane Creek, Mississipian units, then no doubt a strong emphasis / focus on how the MOU with TETRA will develop, given the anticipated updates will be very positive ?

SUNRESIN /WORLEY developing the processing plant would be a good topic of conversation too

Will 2023 be the year of the BULL ?......

I would really like to develop a core bunch of posters who want to discuss these matters on a more consistent basis as ASN strives to join the $1 club......so stick around chaps hey ?....

Lets spread the word around that there is a alternative place to have a chat about ASN , more liberally.

Cherry pick posters who would be good contributors in your opinion.

I noticed me ole mate INSAF has poked his neck in HC ASN threads.........would love it if he could join the crew here, very smart poster that one, we go way back.....may have to email him.

Anyway just a thought......


Here is a chart of ASN

What we are currently witnessing is sub wave 4 down taking place............usually finishes around the 38 fib in a BULL market........unfortunately the MACRO is BEAR so could go lower.

Those white horizontal lines are the historical support lines, the yellow shaded area is a gap, sub wave 4 downs can go as low as the height of sub wave 1 up too, so its anyones guess as to where it may end.

I will display the MACRO charts later.............got other work to do, but the DOW FUTURES for tonite is bearish.

imo

 

[badger27]

Hi All

HC lost the plot ages ago, i have had multiple requests to go back, but much pefer to bide my time here instead and talk freely a bit more with quality posters who genuinly follow the ASN dream............ an exciting pathway on the horizon despite the bearish MACRO, with next JORC resource update coming imminently with Cane Creek, Mississipian units, then no doubt a strong emphasis / focus on how the MOU with TETRA will develop, given the anticipated updates will be very positive ?

SUNRESIN /WORLEY developing the processing plant would be a good topic of conversation too

Will 2023 be the year of the BULL ?......

I would really like to develop a core bunch of posters who want to discuss these matters on a more consistent basis as ASN strives to join the $1 club......so stick around chaps hey ?....

Lets spread the word around that there is a alternative place to have a chat about ASN , more liberally.

Cherry pick posters who would be good contributors in your opinion.

I noticed me ole mate INSAF has poked his neck in HC ASN threads.........would love it if he could join the crew here, very smart poster that one, we go way back.....may have to email him.

Anyway just a thought......


Here is a chart of ASN

View attachment 17393

What we are currently witnessing is sub wave 4 down taking place............usually finishes around the 38 fib in a BULL market........unfortunately the MACRO is BEAR so could go lower.

Those white horizontal lines are the historical support lines, the yellow shaded area is a gap, sub wave 4 downs can go as low as the height of sub wave 1 up too, so its anyones guess as to where it may end.

I will display the MACRO charts later.............got other work to do, but the DOW FUTURES for tonite is bearish.

imo

Fluffy, looks like a great spot to disappear and forget about stocks for a bit - crazy day!

Beisha, as always, very much appreciate your TA thoughts. Agree, good to have a strong mix of people chatting a bit more about this without the white noise that dominates those threads at the moment.

My thoughts are that most of the sophs that contributed to the $50m won’t be hugely concerned just yet. The whole ASX is a blood bath and will be for a while. Ultimately they bought in off the DFS and ‘reading between the lines’ re: pending results.

I’d be confident a bunch of them will be averaging down currently…

The Sunresin deal, IMO, is unlikely to simply be ‘pay for the gear and move on.’ I don’t think they’ll get a stake or % but I do agree with some posters that there’ll potentially be some kind of monthly or quarterly licence fee for using the tech. I work in television and we have similar setups for the editing software we use. Very rare to buy a platform outright these days…

No doubt it’s all been factored into the contingency somewhere, even if it’s not being spoken about openly just yet. Prob a lot more to play out behind the scenes before anything is set in stone.

SURELY an offtake can’t be too far away. I posted on HC that I reckon Bruce has had offers, but is being careful not to agree to anything too early until the full extent of government support is known. He’s in a great position of power given the USA’s inflation reduction act, so no prob letting it play out a bit longer.

But still - I, along with most, are DYING to know when news will drop and who it will be.

Cheers to a slow Monday building towards (hopefully) a strong end to the week. Bring on CANE CREEK!

 

[Shivertown1]

I am leaning towards a design, construct and operate contract for Sunresin by the way it has been worded in the announcements, I have worked for two companies that do this ([water treatment) and the contracts usually stipulate performance, upgrades to process, SCADA and maintenance.
The contracts have been for a 10 year term followed by a five year extension, if both parties agree to the extension.
We were paid by the kilolitre of product produced so I would think that this would be similiar to what Anson/Sunresin would be working towards

 

[FluffyQuack]

I am leaning towards a design, construct and operate contract for Sunresin by the way it has been worded in the announcements, I have worked for two companies that do this ([water treatment) and the contracts usually stipulate performance, upgrades to process, SCADA and maintenance.
The contracts have been for a 10 year term followed by a five year extension, if both parties agree to the extension.
We were paid by the kilolitre of product produced so I would think that this would be similiar to what Anson/Sunresin would be working towards

Makes sense. Base it on what is produced, and the incentive to make sure it is operating at its maximum efficiency is there.

Given what Anson has on just Paradox alone (Lithium/Boron/Bromine/Iodine) I would imagine SunResin would be looking at that with a long term strategy to support all those elements, when ASN is ready to do so.

It's reassuring that there is now over $55m in the ASN kitty, can easily navigate this current wave of sell off hysteria and with a 'little' luck, come out of this swinging one big bat!

Thanks for the insight @Shivertown1

 

[badger27]

Yep, thanks mate!

Very interesting indeed and makes sense. No doubt those conversations are happening and the framework for operation has been discussed behind closed doors.

All will be revealed soon.

And agree fluffy - the extra $$ will give us a huge advantage once the current ASX shitstorm blows over.

Patience will reward us all.

Badger