ASM

3.64%

85.5¢ australian strategic materials limited

Ann: Framework Agmt for 20% stake in Dubbo Project and Offtake, page-111

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Dllang

56 Posts.

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21/07/21

20:05

Post #: 54671606
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Originally posted by Frank Clune: ↑

In the past I've been involved in international project deals on this scale. You can be sure all the ducks have been lined up & this is now a matter of execution. They likely also have contingency plans in place, possibly in the form of Korean Govt guarantees to ensure it happens.
This agreement is an enabler for all the various agreements which tie into it. Its somewhat a circular process. All the Investor's funding will have been agreed in principle but needed this agreement to formalize the arrangements behind it.
We are currently in an hiatus awaiting that formalization to complete. That's the point of comfort, when institutional money will decide on serious investment rather than speculative interest. Investment funds are mostly pretty lazy Index funds & buy in 'because its in XXX index' rather than potential. The nominal $10 will come after finalization of Phase one. I won't be taking it. ASM has a lot of growth ahead. So does ALK.
ASM/ALK have very astute management who are focused on the long haul for shareholders, not highly diluting raising to support management life style as so many hyped companies have over the years. They don't make announcement unless it is important & timely. Their announcements target industry & investors, not media hype. One has to wonder how certain journos write articles about rare earths in Australia, always mention Lynas & now Arafura but have never mentioned ASM. ASM don't to rev up the share price to raise capital. Because they're not capital raising via the so-called 'professional & sophisticated' mob, they aren't being covered by the pump & dump brokers or analysts.
My observation on todays trading is, most of the selling is by Buyers trying to get the price down.

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comment of the day frank. Couldn’t of said it any better myself

ASM Price at posting: $8.05 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
Last 85.5¢		Change 0.030(3.64%)		Mkt cap ! $154.8M

Open	High	Low	Value	Volume
83.5¢	86.5¢	79.0¢	$234.1K	282.3K

Buyers (Bids)

No.	Vol.	Price($)
1	1169	85.5¢

Sellers (Offers)

Price($)	Vol.	No.
86.0¢	5000	1

View Market Depth

No.	Vol.	Price($)
1	1169	0.855
1	66892	0.850
1	71951	0.840
1	2284	0.825
1	11999	0.800

Price($)	Vol.	No.
0.860	5000	1
0.890	3529	1
0.900	766	1
0.920	1773	2
0.925	5000	1

Last trade - 16.10pm 12/07/2024 (20 minute delay)

ASM (ASX) Chart

Ann: Framework Agmt for 20% stake in Dubbo Project and Offtake, page-111

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

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Ann: Framework Agmt for 20% stake in Dubbo Project and Offtake, page-111

Top Stories

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ASX hits all time high out the gate on Friday trades following bullish US inflation data

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

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Sellers (Offers)

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