He you mean SHE don't you.He’s on Discord also and elsewhere BTW
6c start today all those HC flogs have been very very quiet .
Cheers TT
ASN CHART THREAD
- Thread starter BEISHA
- Start date
the technician
Member
ASN Airtime
Likes will bump it up
Haven't shared on HC due to the trolls
Likes will bump it up
Haven't shared on HC due to the trolls
Thanks MPR but who or what is the HC.
We will attempt to push it up next week. The Green River crew like to take a stake in there future.
Thats a very comprehensive summary, thanks for sharing !
A change of overall trend from bearish to bullish would require a break to the upside of 10c resistance as a bare minimum , preferably also the 17.7c resistance too. We have a long way to go TT.
imo
the technician
Member
Unpublicised about sums it up really ……….
FYI ICL news inbound next week is my view the “missing” polishing results aren’t missing at all I believe ICL have the eluate and will pay ASN for the eluate and therefore ASN saves $2-$3 million in pilot plant CR cash plus a few hundred thousand in eluate revenue .
Time will tell I suppose but for me missing links here are
- ICL ? Why advertise them is there’s nothing ?
- 3/4 weeks polishing well pasted that and nothing ? Is this ASN or like KTS holdups is this a 3rd party taking their time because of their own agenda ?
- cash position of ASN ? Is ASN tapped out as all the grubbs have been saying ? To be tapped out you would need to have executed on all the initiatives of the CR I’m not convinced that’s the case .
Regards TT
the technician
Member
Agreed but we have to start somewhere……..
TBH I ran the numbers of ASNs ATH Vs the LCE ATH and then compared it to the current ASN LCE price and when ASN was in the 4c range on a % basis it was spot on where it should based on the % drop of the LCE price .
So what does that tell me well none of the this POSCO news is priced in yet none of it or any other news other than the LCE price has risen marginally and therefore so has ASN .
In time market will appreciate ASN for its progression and its then that it will explode IMO
HAGWE TT
Despite the extreme lithium sector down fall, MR MARKET never forgets the progression made by ASN in the interim and when sentiment turns around like it appears its doing now, it will get the re rate it deserves which it appears is starting now.
The one thing that is perplexing is bellwether stocks re rate first then specs follow down the track, but it appears that ASN / GLN are moving in sync or slightly better with the likes of PLS relatively speaking which is unusual
ASN ( 4.2 - 6.5 ), GLN ( 8.8 - 14.5 )...........PLS ( 1.07 - 1.55 ).
LTR ( 42 - 82 ) is the leading bellwether which is unusual in itself as PLS historically held that mantle.
I agree tho, POSCO news has not been priced in by a long shot as its just a MOU at this stage, but in 6 months time when it becomes binding......look out.
Hopefully the MACRO holds the line before that event eventuates......
the technician
Member
Yes I have noticed this about PLS also but I have a theory about them ………Despite the extreme lithium sector down fall, MR MARKET never forgets the progression made by ASN in the interim and when sentiment turns around like it appears its doing now, it will get the re rate it deserves which it appears is starting now.
The one thing that is perplexing is bellwether stocks re rate first then specs follow down the track, but it appears that ASN / GLN are moving in sync or slightly better with the likes of PLS relatively speaking which is unusual
ASN ( 4.2 - 6.5 ), GLN ( 8.8 - 14.5 )...........PLS ( 1.07 - 1.55 ).
LTR ( 42 - 82 ) is the leading bellwether which is unusual in itself as PLS historically held that mantle.
I agree tho, POSCO news has not been priced in by a long shot as its just a MOU at this stage, but in 6 months time when it becomes binding......look out.
Hopefully the MACRO holds the line before that event eventuates......
When PLS rose all the way to $5 originally it did so retaining a lot of the retail which I can tell you was substantial because of Covid .
Covid allowed alot of those retail a second chance at 20c where they jumped on board and alot believed it would end up being a lithium FMG but of course manipulated market price cycles over 2.5 years have crushed PLS retail .
So now far more PLS shares are tradeable that ever before meaning almost a status quo in buyer sells and certainly not the crazy imbalances we’ve seen in the past .
I think PLS will continue to improve but I also feel the movement will be far more linear in its increases and far more consolidated as it moves up much like climbing Everest from base camp to base camp creating a plateau at each stage up .
ASN also fairly tightly held and will also experience the same volatile movements PLS once experienced.
TBH I’ve always stated that PLS and ASN are very similar in their design and management intent but delayed in time there’s very symbiotic nuances between the 2 companies and recently I found out that Dale and Bruce are well acquainted .
Most times I posted links on HC I was mocked but I know in time I will be proven correct .
Yours in conviction TT
the technician
Member
the technician
Member
Someone on Discord shared this , it was discussed because Anson is not only mentioned but the views on the video are next level high …………Have a watch and a view TT 
Similar threads
