ASM Chart Thread, page-6162

I don't think calling this a dog stock is fair. A number of things have given rise to price action with only some being to do with fundamentals.

On the way up:
-rise from $6 mainly attributed to Van Eck forced buying and associated momentum.

On the way down:
-higher than expected CAPEX

-Indications of rapid financing of Dubbo by timeframes given in framework agreement, with little to show for it

-Slower than expected progress on metals production
-General deteriorating market conditions

-Increasing short action
-Van Eck forced selling

For me the key point is that the Korean Consortium and ASM came up with a Dubbo valuation circa $12 a share BEFORE the price ran to $14. While sale discussions continue I remain unconcerned.