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52.5¢ australian strategic materials limited

Ann: Diggers & Dealers Mining Forum 2024, page-17

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subi1

8,674 Posts.

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11/08/24

18:54

Post #: 75160118
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Originally posted by Geeenius: ↑

I wonder if ASM really had a good understanding of the difficulty in cracking the magnet supply chain - who would have guessed 18 months and counting for product validation! That being said, it's a high moat for any future competitors! Perhaps the timeframe is shorter for new magnet manufacturers but they in turn have the issue of convincing their buyers that they are a genuine long term contender. We talk about ASM being end to end but there are a lot more steps downstream from KMP producing the metals and they all have their needs/concerns if contemplating stepping outside the China supply chain and risking that wrath! I maybe naiive here but I think ASM are close to cracking this and being a player/first mover.

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I certainly hope they are close. 3 metal plants on there own would most probably create good income for ASM once they get going.

Obviously it has been a very hard time getting one going but they must be planning for the day where/ if good profitable contracts are actually signed.

ASM Price at posting: 46.5¢ Sentiment: Hold Disclosure: Held
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Last 52.5¢		Change 0.015(2.94%)		Mkt cap ! $95.19M

Open	High	Low	Value	Volume
52.3¢	53.0¢	51.0¢	$85.30K	163.1K

Buyers (Bids)

No.	Vol.	Price($)
1	7	52.5¢

Sellers (Offers)

Price($)	Vol.	No.
53.0¢	15497	4

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No.	Vol.	Price($)
1	1027	0.525
5	49257	0.510
3	15227	0.505
18	205788	0.500
2	70202	0.495

Price($)	Vol.	No.
0.480	16	2
0.495	611	2
0.530	15497	4
0.535	76750	3
0.540	74220	3

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