ASM australian strategic materials limited

Ann: Dubbo Project gets $10 million funding boost from NSW, page-37

  1. 18,785 Posts.
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    I did have that offer as I was a shareholder.

    I got my shares from Alkane as I mentioned in a previous post and watched it go above $10 in price and back down again for no clear reason.

    What I underestimated was the stupidity of some in the market even after the GFC,,

    First of all your share price recovers only when buyers feel necessary to buy at a higher price.

    Just because the company makes a sale and some returns does not mean the share price should rocket upwards. You sound like a trader anyway who is oblivious to the company fundamentals.

    I do not care if the company makes 5 million, 10 million or 15 million. If they keep buying 150 million of rare earth product that is a different business model.

    It does not change 2.3 billion on NPV pre-tax, 1.678 billion capital cost and who wants to dive in for that which currently is the core project created from Alkanes rare earth discovery, is it not??


    Last edited by DavoMagic: 20/12/22
 
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