Yep, Long standing shareholders are just exhausted. I've loaded up on the secondary. This is such a laboured raise too. Just announce a decent bloody offtake agreement, as they probably will 2nd half calendar year - six months later than they should be.
One decent announcement and this thing will be back to $2 as its done so many times in the past. Who are these investors who buy it on the spike and then sell it on the dips? If it aint a buy at $1 it certainly aint a buy at $2 - it is probably both long-term given recent US funding commitments and clearly pending offtake customers.
A little update on teh USA Rare Earth contract would be nice Rowena. You know, the one that was meant to see ASM supply 60% of NdFeB alloy used to support USARE’s production ramp-up of high-performance rare earth magnets until its own 'Round-Up' supply chain under production:
"According to Althaus, the equipment will allow the company to produce about 2,200 tonnes a year of rare earth magnets (neodymium iron boron), which by his calculations means the plant could produce roughly 20% of the U.S.’s magnet market. “It’s the only neodymium iron boron permanent magnet manufacturing plant in this part of the world and from what we’re seeing demand is many multiples of what the plant can produce.” USA Rare Earths 2021
These executives really do like to flap their gums on the potential, whilst being forever tardy on delivery.
ASM Price at posting:
98.5¢ Sentiment: Buy Disclosure: Held
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