"She stated that the main reason for lack of offtakes and full ramp up of the KMP was due to the fact that the end users (car manufacturers et al) have not ramped up their own production as of yet."
I find that concerning.
Forward projections for next year for the World's growth are decidedly pessimistic... it is never a good thing to be in the position of relying upon the business decisions of others. It seems a contradiction to me that ASM just raised money to purchase feed stock for KMP when demand for magnet metal is lacking.
Management had better secure off-take for at least the break even point otherwise our friends the shorts will keep punishing the share price.
ASM Price at posting:
$1.72 Sentiment: Hold Disclosure: Held
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