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$1.04 australian strategic materials limited

Ann: Corporate Governance Statement and Appendix 4G, page-10

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Joinoz

67 Posts.

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25/10/22

19:13

Post #: 64391063
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Originally posted by Joinoz: ↑

I hold ASM because it is fantastic what is going on and I think it is a great company to invest in. I was not posting out of any motivation except some observation.

Ian Gandel did take over a company on the share market recently of which he was a significant shareholder. I do not want disproportionate control by him because he is in a multi billionaire family who can take over control if they wish if the share price goes low. Over 30 percent control in an asx listed company offers a lot of control. They can make an offer and gain control and compulsory purchase easily. Being Chairman of both the board and nomination committee is not appropriate.

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I am talking about the Nomination committee… Ian Gandel is Chair of both the ASM Board and the committee who recommends membership of the board…The nomination committee is supposed to be independent of the board to keep an objective check on the board.

ASM Price at posting: $2.07 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.04		Change 0.020(1.96%)		Mkt cap ! $186.9M

Open	High	Low	Value	Volume
$1.04	$1.06	$1.02	$306.6K	295.3K

Buyers (Bids)

No.	Vol.	Price($)
2	38166	$1.04

Sellers (Offers)

Price($)	Vol.	No.
$1.05	33085	1

View Market Depth

No.	Vol.	Price($)
2	38166	1.040
2	3010	1.025
1	12418	1.020
2	42651	1.015
4	94510	1.010

Price($)	Vol.	No.
1.045	33085	1
1.050	500	1
1.055	23553	1
1.060	24000	3
1.070	6050	2

Last trade - 16.10pm 20/05/2024 (20 minute delay)


Last $1.05			Change 0.020 ( 2.07 %)
Open	High		Low	Volume
$1.04	$1.05		$1.02	72333
Last updated 15.59pm 20/05/2024 ?

ASM (ASX) Chart