I've applied for the full amount across the 3 entities I have ASM share in. Sure I'm sitting on a pretty hefty loss currently but I've just reread the quarterly and am bullish. There is a lot of positive language in there about contracts being negotiated with US companies and even offtakes/sales contracts being announced in the December quarter. I am not concerned about Dubbo as that is a much longer play, (my initial investment was always based on the innovative technology).
Now I love a good conspiracy theory but the number of conspiracies on the ASM forums of late have been going through the roof... the board as much as anyone wants to see this company succeed. They've also put more skin in the game... look at Gandel with the $4m. Even if you are worth a billion you don't drop $4m into something unless you see a lot of potential. With the influx of cash they can now go negotiate for a wad of feedstock, securing costs, (removing risk), and tender for some decent sized contracts with confidence.
I think a lot here forget that the main production plant was only officially opened in May 2022. That is only 6 months ago! In another country, new cutting edge tec, whilst covid did it's thing, disrupting the world.
I predict after the current SPP closes we are going to see a raft of positivity coming from ASM.
ASM Price at posting:
$1.73 Sentiment: Buy Disclosure: Held
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