I take the attitude you have to walk before you can run.
The AGM looked fairly bureaucratic for my liking, going through the motions and really, I would have like to see more investment in the vision. Even someone from Korea with a real market vivid sense of the value and opportunity for the rare earth supply would have been handy.
I saw a lot of uncertainty and lack of clarity.
What concerns me are the revenues for the next six months.
At minimum quarterly activity reports with a emphasis on production, sales( monetary and units) and customer feedback, apart from cashflow would be highly desirable.
If KMP can be developed into a roaring success then funding for the Dubbo project should be relatively easy.
I think they have to cross some very big bridges de-risking market volatility and uncertainty before worrying about the Dubbo project though.
I cannot see the Dubbo project happening for a good while so there should be more astute entry points as investors know more going forward even after this big pullback in share price
ASM Price at posting:
$1.51 Sentiment: None Disclosure: Held
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