ASM 3.74% 55.5¢ australian strategic materials limited

Relevant Media, page-3349

  1. 112 Posts.
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    Awww cute, squiggly lines and magic markers won't cut it though!.....Here's how the grown ups draw their pictures....

    Below I've highlighted a specific date range, to make it easier to see just how exact this correlation is, between REMX, MP, LYC, and ASM, this range is specific to the quickest decline in ASMs SP...of course they are all directly affected by the NdPr bond price, which I've included last. When the bond price fell, they all followed, and as you can see from the remainder of the charts, they have continued to fall. Please visit here so you can check the dates of the change in bond prices....https://tradingeconomics.com/commodity/neodymium

    The commodity we're investing is bottoming, the sector has followed, and has dragged every rare earth miner with it....this is a fact, not an opinion.

    As for what you've mentioned about the resource, well I'd never rule something out, but I'm hoping you are wrong, time will tell.

    Demand for NdPr has been constant, but there was an over supply after the covid shortage, and anylists are predicting that bond prices will rise in the second half of this year. Although EVs are hot news around REE, they only make up 13% of the current market, but increased demand for EVs will bring a tailwind for REEs.

    The EU and US tariffs are of minimal impact now, as China still offers a 15% tax cut on their exports, but this will eventually catch up, with Chinese producers themselves complaining about lower prices, and profit margins.

    I see REMX @ $60-$70 by EOCY


    https://hotcopper.com.au/data/attachments/6291/6291179-d35e2c6b61e95f5cc6250ec2770657c9.jpg
    https://hotcopper.com.au/data/attachments/6291/6291185-e8327b2ba64888e985b232dd88ce7bbc.jpg
    https://hotcopper.com.au/data/attachments/6291/6291186-e25535e31eaaea083a069528f1ee0dae.jpg
    https://hotcopper.com.au/data/attachments/6291/6291187-8576eead688b4ec8ff7c7466370be676.jpg
    https://hotcopper.com.au/data/attachments/6291/6291220-0db6079ab28f25810e5414c8e041d49f.jpg

    Last edited by Newbie123456: 05/07/24
 
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Last
55.5¢
Change
0.020(3.74%)
Mkt cap ! $100.6M
Open High Low Value Volume
54.0¢ 56.5¢ 53.0¢ $71.04K 130.7K

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No. Vol. Price($)
1 11822 54.5¢
 

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Price($) Vol. No.
55.5¢ 12104 1
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ASM (ASX) Chart
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