ASM 0.00% 60.5¢ australian strategic materials limited

Ann: Half Yearly Report and Accounts, page-8

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  1. 365 Posts.
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    I just want to know what they are trying to sell their product at out of the Korea plant for vs what China is currently selling at. They aren't getting sales... why?

    Dubbo I am not that concerned with as it's such a huge beast and it's always been way over the horizon for me. The cash flow generated by the metals plant was supposed to bring that much closer, (leveraging debt, building partnerships etc).

    Looks like they also have $22.4m in feedstock slowly losing value... would of been better keeping that money in the bank! (Just don't invest it on the ASX in ASM).

 
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