Hello Eldo, I cant help but think that you are taking my posts personally. My intention isn't to upset anyone.
My only aim with my posts on ASN are to make some of the potential new investors aware of what they are investing in. I most definitely don't know everything there is to know and I also make the wrong calls with stocks sometimes like everyone else. But I DO question everything, think for myself and I do hours of research daily-including weekends.
Its clear a lot are unaware of what they are investing in by the way that just yesterday a regular poster racked up 15 likes and 10 GA's in about an hour- when the information he posted was false and inaccurate. Would you have preferred I didn't correct him ? so more investors could be misled?
I read that article you gave me, thank you, but I fail to understand why you would use that article written by who knows to reinforce your point? It didn't answer any of my questions.
To quote that article you gave me :
"One thing that is important is the actual brine chemistry. For example, if a brine is high in Magnesium it is both costly and a challenge to create a high purity final product"
...And what do we have ultra high concentrations of in the ASN GB2 brine? ...Magnesium.
I am genuinely interested in the idea of producing magnesium though. As someone once said, when life gives you Lemons-Make lemonade. But Magnesium production is an area a really do have no knowledge on.
I was very VERY pro Anson before the fundamentals changed. But when things started to not add up, I got out. I am like that with all my investments. when things are good - great, when fundamentals change - I get out and find the next one. sometimes i miss my chance and I can lose money - like everyone else. But one things for sure -There's no browny points for being a long term holder when the fundamentals change and the SP goes down.
I still maintain that ASN do not and will not have enough money to drill a new well to the depth of 7,000 ft. All my research is indicating a cost of $5 million to $8 million.
Can anyone else share some research on this?
I am happy to be corrected as that's the whole point of the forum - to discuss the pros and cons of our investments so we can all make more educated decisions with our investments.
I wish you all the best Eldo, no hard feelings from me and I hope Cane Creek goes well and everyone here can make some money. I'll be back in like a flash if ASN fundamentals do change for the better. If I have to buy higher, that's just the way it is.
