ASM australian strategic materials limited

The Short Report, page-116

  1. fup
    1,157 Posts.
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    if there had been reasonable progress at KMP then the share price would probably not be so bad. if we had the full capacity 5200tpa online from mid-2022 (as originally scheduled) and offtake for the full amount i doubt we would be under 2$. instead we are still in commissioning and have sold 10t ndpr. our two offtakes have disappeared into the nether:

    https://asm-au.com/asm-titanium-powder-approved-for-3d-printing-by-korean-advanced-manufacturing-company/ 1500tpa titanium powder
    https://asmd.irmau.com/site/pdf/cd612574-b810-4cda-9a0c-028c01b370e0/Framework-Agmt-for-20-stake-in-Dubbo-Project-and-Offtake.pdf 2800tpa ndfeb 10 year offtake

    the short campaign is just a product of poor management performance. if the company was doing well shorters would have a much harder time making money and therefore move on to other targets. instead they are here because asm sucks right now and have tied ourselves to the dead horse that is KCF for dubbo financing.
 
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