One of the main reason ASM and the likes are on their knees is the cost of capital since decades of monetary easy finally dried up in 2022/3 (yes, yes, and the rare earths commidity prices - not unrelated before the usual myopic commodity price commentators chastise me)? The news you have highlighted cements expectations of further funding and various other methods of financial and fiscal support for Australian Rare Earths and Critical Minerals.
They were all a bit stupidly pumped in 2021/2 on the great cash giveaway and retail exuberance, but share prices are now similarly undervaluing the likely commercial potential of the likes of ASM, given this very overt global geo-political support.
ASM Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
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