I am trying to better understand the quarterly report and ASM history of metal production.
On the 24th of November 2021 ASM announced they had cast the first ingots of neodymium metal.
In this cash flow report ASM announce production costs of $7.796 million for the quarter and $19.790 million for the year.
This report also announces zilch receipts from customers.
My way of thinking they have spent $19 million producing metals since November last year. They have not sold any. I cannot see any announcements of what they produced for the $19million. Do ASM have a stockpile of metal. If they have a stockpile should this reported as an asset?
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-36
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