Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-75

He all,

I left a message with ASM's office on Friday with a request to speak to investor relations, I was told that Rowena would be flying out to Korea on Sunday but would call me prior to this. No phone call Sunday but I did receive a call yesterday about 6:30 PM and we had our conversation as she had some phone issues on Sunday at the airport. That's the background, here's the key points from our discussion which I confirmed with her I could share here-

• ASM acknowledges that even accounting for the bad market conditions, ASM's share price performance has been under par which has created issues for long term holders
• A large issue was managements overly ambitious timeline targets
• Information flow has been an issue and this has caused huge amounts of speculation and suspicion, this will be resolved, they've gone out of their way to ensure the upcoming quarterly and annual report is as informative as possible they do recognise this as a major problem
• She acknowledged the shorting situation but maintained that the key to resolving it will be achieved by company progress

On the flipside here is the positive news

• The KMP is well into commissioning and the idea that the material sold to NS World was from the pilot plant is absolute hogwash, it is producing saleable product.
• Although the timelines have blown out, the goals set are being met
• We now have a three pronged value proposition, the mine at Dubbo, the KMP and she mentioned something to do with Titanium which is creating a lot of interest, one wonders whether they've begun commissioning on the TiCu line and perhaps the tech will be licensed to other Titanium producers (speculation)
• The Australian embassy recently hosted a delegate at the KMP which it showcased as Australian - Korean partnership
• Any materially negative news would have been released to the ASX
• In her opinion ASM has the best chance to get the mine at Dubbo operating amongst all the REE companies on the ASX, as it will have a revenue stream coming in, unlike others

Ive made it a point recently to have a conversation with any company with a greater than 200k investment as part of my DD especially where the share price has been lacking.

I know recently there's been a lot of negativity here and there's a flurry of new posters seemingly every week that come in to call me a 'ramper' who said it is a $25 stock (do your own due diligence, i am not a financial advisor, this is my opinion), I maintain that! But i didn't say it would have that value this year or next but in 2025! It only take a few minutes to consider Rvagina whatevers motives. He maintains that its barely worth a third of its value today, yet seemingly holds the share, and is encouraging people to use stop losses.
Well gee how is it that he still holds?
Why would he have not set a stop loss? wasnt it triggered all the way down to $2!????
They want people to start setting stop losses because they know that although they can drive the price down in the absence of buyers, they cant force people to sell, and its a common strategy to 'hunt' stop losses.

Just remember, it took almost 2 million short sold shares along with another 700k the next day to break the back of the rally that came after announcements of first sales.