im holding this for the next year and perhaps two. Ive got mainly two stocks and both have a lot of positive news expected in the next 6-9 months.
sorry to anyone who has lost cash on this stock. If i compare the run on this from 5 dollars to 13.50 odd it was demand outstripping supply and everyone wanting to get a piece of asm. Partly due to the govt 200 million loan, and aggressive plans 3 metal plants by 2024. but then as senior exec left. The terms changed for the korean consortium etc.... imagine how they feel buying at 7.90 a share or whatever it was and now 1.54. im surprised there isnt a large korean conglomerate buying up ASM at low share prices. If they bought at 7.90 they could buy 5x at the current share price and make an aggressive take over. not a bad play to buy the mine and then with the korean plant
ASM Price at posting:
$1.56 Sentiment: Hold Disclosure: Held
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