More good news, volume and price action for ABR shareholders today. The share price has been range bound of late but today's positive change of character suggests that the recent share price consolidation may have come to an end and ABR may start to trend higher from here.
Personally I think that ABR is significantly undervalued and underowned and I wouldn't be surprised to see the company re-rated shortly.
Below is an extract of the announcement:
ABR TO EXPLORE PARTNER OPTIONS FOR BY-PRODUCT LITHIUM WITH BORON SPECIALTIES TO REMAIN PRIMARY FOCUS
HIGHLIGHTS
• Process commenced to explore partner options for extracting lithium from Fort Cady Integrated Boron Facility waste water stream
• Improving lithium economics and emerging Direct Lithium Extraction (DLE) technologies providing positive back drop
• Opportunity to utilise lithium in boron specialty applications targeting LiBor salts for lithium-ion batteries
• Current Fort Cady JORC code compliant Mineral Resource Estimate contains 214k tonnes of lithium carbonate equivalent with substantial exploration upside
• The primary focus remains on boron specialties and the complimentary US listing