One big contract (and you know they are on the verge) from the US, Korea or Japan and this stock takes off. Such is the sentiment in these early life miners. Cash flow the obvious concern, but was it ever not? Why this thing traded $2.50 barely a month ago and now trades $1.30 defeats me. Back to the November cap raise price of $1.73, yeah, that I could predict (hence I sold early Feb).
There is no other industry so monopolised by the Chinese. The US and western powers are geopolitically desperate for REE/REM suppliers. Rowena and Co' are in negotiations, you all know that. Hence they are far less worried by cash burn than investors ignorant of their progress. They've ample cash to provide time for a few sales contracts to emerge, as shown by these results.
ASM Price at posting:
$1.31 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)