wow...ASM in freefall now.
I read most of their Q report and it looks like they will need another CR. They shut the production of NdPr and there is not much money coming in form of revenue.
ASM still have decent size debt and no path how to repay it considering they are struggling to build revenue streams. And the last CR was enough only if they kept building their revenue.
This could explain the selling in ALK and I hope this is the case - the market is betting on IG selling more ALK shares to participate in future ASM CR rather than suspecting something more damaging like production issues at Tomie.
Ann: Quarterly Activities Report, page-132
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Last
40.0¢ |
Change
0.005(1.27%) |
Mkt cap ! $241.3M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 40.5¢ | 39.5¢ | $217.3K | 543.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8800 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 140277 | 5 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| ALK (ASX) Chart |