ASM australian strategic materials limited

2.88%

50.5¢

Ann: Chief Executive Officer's AGM Presentation, page-64

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doubledeckerdog

5,319 Posts.

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20/12/22

14:18

Post #: 65383669
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Originally posted by Hopper1985: ↑

Lack of direction
Nothing is locked in
It's burning cash, with no outlook to generate revenue.

They basically need to raise/borrow/partner up to get a billion to build a plant in Dubbo or partner up with a company in Korea with a plant before they generate revenue.
The share price went nuts when the impression was the Korean partnership was locked in, and it has tanked since that has fallen through(?) (no one that owns the stock actually knows what has happened)

My thoughts are, the share price will go nuts again when something is locked in, this could be six months it could be six years it could be never. The board seems to fat and burns through too much cash for what they're doing, i expect there will be multiple cash raises in the future. I'm holding but lack confidence, probably worth a punt at this price.

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Any chartist would tell you to take a Bex and have a good lie down.
This this has been in downtrend forever.
No news of substance and only question markets.
Holders have no real idea of the state of play with any aspect of this circus.......
Stand clear - this is still a falling knife.
Easy to get a nasty cut trying to catch it!
DDD

ASM Price at posting: $1.43 Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

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(20min delay)
Last 50.5¢		Change -0.015(2.88%)		Mkt cap ! $91.57M

Open	High	Low	Value	Volume
52.5¢	54.0¢	50.5¢	$210.6K	401.8K

Buyers (Bids)

No.	Vol.	Price($)
3	28242	50.5¢

Sellers (Offers)

Price($)	Vol.	No.
52.0¢	778	1

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No.	Vol.	Price($)
3	28242	0.505
15	163900	0.500
3	9020	0.495
2	12600	0.490
3	52100	0.480

Price($)	Vol.	No.
0.520	778	1
0.525	10066	2
0.535	58947	2
0.540	26826	4
0.545	2756	2

Last trade - 16.10pm 27/06/2025 (20 minute delay)

ASM (ASX) Chart

Ann: Chief Executive Officer's AGM Presentation, page-64

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Ann: Chief Executive Officer's AGM Presentation, page-64

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