Morning Momentum – Big Moves Ahead and Targets in Sight!
Good morning! With the market opening +9, we’re set for a strong day.
We came so close to breaking through .64 yesterday, and today could be the day we hit that key resistance level and start aiming for .71 and .73. A close over .73 would be a great way to wrap up the week, but don’t forget—our long-term goal is to break through .98 and beyond.
The big news? Rowena was just issued performance rights the other day—this means ASM has been hitting its targets, and that’s a clear sign we’re on track for some serious upside.
When a CEO gets performance rights, it shows the company is delivering, and that’s exactly what’s happening here.
Let’s also not lose sight of the bigger picture: The Koreans bought in at around $7.80 after doing their due diligence, so that’s where the true floor is.
Once we reclaim that, we can start setting sights on $14 and $20.Support’s sitting at .60 today, and with the futures roll on the 19th, there’s likely to be some volatility—but we know the real story here is the long-term upside.
Stay focused, and let’s make the most of today’s momentum.Onwards and upwards!
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ASM
australian strategic materials limited
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61.5¢

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Last
61.5¢ |
Change
-0.005(0.81%) |
Mkt cap ! $111.5M |
Open | High | Low | Value | Volume |
62.5¢ | 63.0¢ | 59.5¢ | $135.4K | 222.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5500 | 60.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.5¢ | 3025 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1050 | 0.640 |
1 | 1588 | 0.630 |
1 | 850 | 0.620 |
2 | 9268 | 0.615 |
1 | 835 | 0.600 |
Price($) | Vol. | No. |
---|---|---|
0.600 | 420 | 1 |
0.620 | 8121 | 2 |
0.640 | 35000 | 2 |
0.650 | 66561 | 3 |
0.675 | 5000 | 1 |
Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
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REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
SPONSORED BY The Market Online