ASM 6.36% 58.5¢ australian strategic materials limited

ASM Chart Thread, page-11476

  1. 232 Posts.
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    Does anyone have a considered view on ASMO (down from 15c to 3.5c since June).

    From memory the exercise price for ASMO is ~ $1.73 in Oct 2027.

    At the current price of <5c, does that mean the market assesses ASM (down from ~$1 to 50c since June) as having very poor prospects of surpassing $1.80 by Oct 2027?

    My thought was (there's the problem, previously I thought that ASM was good value at $4) that holding ASMO at 7.5c avge cost would be more sensible and less painful [ie, a better option, pun intended ] than locking up ~90c per share in ASM (seemingly heading south)?

    So I salvaged 80c per share out of ASM, bought 3 x the quantity of ASMO and with the balance bought into something else, which went down 70% a few days later, oh well, mainly I lose some, I'm the dumb money ;-(
 
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