Australian (ASX) Stock Market Forum

ASN - Anson Resources

What can one say, did you back it as well myrtle. Well picked.

Of course with mounting feelings against coal and the rising prices of power these industries are catching attention.


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When the Technicals out pace the Fundamentals its only a matter of time before the re-balance. Definitely on the watchlist however.
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After declining from 11.5c to 7.6c over the last month Anson Resources saw a nice bounce today after the company announced that it has successfully produced its first lithium hydroxide product from the Paradox Lithium Project in Utah, during R&D precipitation test work carried out by Lilac Solutions.

Today's price action saw ASN gap up and open at 11c, reaching an intraday high of 12.5c before eventually closing at 10c, half a cent off its low for the day of 9.5c. Volume of 15.25 million shares was well above average but not anywhere near its busiest couple of days this year when more than 80 million shares were traded.

A break through resistance at 12c would be a very bullish move and I get the sense that ASN could pull it off easily if more good news gets announced.

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Gap up today for Anson Resources following news that it has produced ~1 kg of battery quality lithium carbonate from brine sourced from its Paradox Brine Project near Utah, USA via bench top testwork as part of the design and engineering of Anson's planned in-field pilot plant.

It's got a long way to go to get back to those previous highs of 18c from July last year. Still, today's 45.83% share price increase to 7c is a start.

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TA and FA sitting up like 2 hungry dogs asking for attention.
I even like the look of the ground where the Geo' is taking samples...but what would an old Surveyor know?
Watchlist worthy at the least.

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TA and FA sitting up like 2 hungry dogs asking for attention.

Indeed Rock:bookworm:

I have a small order in market at 035 It looks ready to move one way or the other. Friday's Volume suggests the current low might be in at 034 but if its moving higher I don't think 034 will get hit on Monday ..... We shall see :bored:
 
Indeed Rock:bookworm:

I have a small order in market at 035 It looks ready to move one way or the other. Friday's Volume suggests the current low might be in at 034 but if its moving higher I don't think 034 will get hit on Monday ..... We shall see :bored:
What a volume and range on Friday. @barney Wishing you good luck to get a buy on your desired target price on Monday. DNH. Just watching from postings on this thread. The folks who got the shares at 2.8 cents must be counting their $$$ to get real BULL :)
Good research folks.
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Did you end up with a position @barney ?

Another teeth grinder for me FR. I was in but got taken out by the Shake-out on 29th December and just couldn't bring myself to give it a second chance.

As they say, the rest is history. Do you hold??

Had 2 or 3 of those "same" trades lately. Been a bit costly but all part of the game.:banghead:
 
Another teeth grinder for me FR. I was in but got taken out by the Shake-out on 29th December and just couldn't bring myself to give it a second chance.

Poor Barney...
Shame you got shooken, eh?
Would think you'd be a bit more leathery on a modest drawdown!?
Oh well, can't win em all, or can you?

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ASN heading back towards January high of 15c after announcing today that its 99% purity Li2CO3 performed better relative to commercially available battery grade Li2CO3 in lithium-ion battery cells. The company also said that test results indicate that Anson product has a longer lifespan compared to commercially available battery grade Li2CO3.

The news looks good, and with the lithium price holding up very well in 2021 it has all the ingredients for continued bullishness for the ASN share price. The testing is demonstrating that Anson do seem to have a very good product.

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Almost exactly a year since the last ASN update in this thread. The DFS for the company's Paradox Lithium Project has confirmed a "robust, low cost operation". So the economics of the project are starting to stack up.

Still Phase 1 though and quite a distance to travel until production. But very good news nonetheless. The ASN share price is now 4x what it was this time last year.

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Anson Resources (ASN) has struck higher-grade lithium than previously-reported historical results at the Cane Creek 32-1 well within its Paradox lithium project in Utah.

The company said the drilling work returned lithium grades 25 per cent higher than historical assays from the Mississippian units in the area.
 
Tip for September Comp

ASN chart looks very similar to C1X. After the stage that ASN is in, C1X had an uptrend. I predict that ASN will do the same some time throughout the month.


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Anson Resources (ASX:ASN) identifies 13 new nickel-copper-platinum group element targets in WA’s north
  • The company’s flagship project is a lithium play in Utah, but now Anson is turning its eyes to a reportedly Julimar-style Ni-Cu-PGE tenement called Hooley Well
  • Drilling will kick off at Hooley in the near future, though no hard date is confirmed
  • Previous drilling on-site identified nickel laterite, a more impurity-laden form of nickel mineralisation, typically the feedstock of pig iron
  • Shares last traded at 15 cents
Live charts:
Long Term - https://uk.advfn.com/p.php?pid=staticchart&s=ASX^ASN&p=5&t=1
Daily - https://uk.advfn.com/p.php?pid=staticchart&s=ASX^ASN&p=0&t=1
 
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