Ann: SCOPING STUDY DEMONSTRATES FEASIBILITY OF METALS PLANT, page-20

Such a rapidly changing picture and ASM management continuing to show some real vision. Firstly as ALK nurturing that South Korean relationship over the long term and then deciding the best value lay in divesting Dubbo into ASM. So many sceptics at that time I recall! Then as ASM taking the opportunity to buy the metalisation tech and IP in total, so securing the global rights.

I sort of find it ironic that Dubbo itself, initially a gem hidden inside ASM, may soon become subservient to the broader metals business, albeit as a large low cost supplier of feedstock. It was Dubbo that was seen as key to the demerger but may itself now be sold off or at least managed as a separate business entity?

Hats off to the management to see the end game and keep pushing relentlessly!