I disagree, if management cannot demonstrate to shareholders a commitment by the South Korean Government to fast track those end user offtakes together with KOMIR that will have the KMP at nameplate within 12 months we should hand it to them and hope like hell they negotiate a royalty fee with us and cooperation with Dubbo - 7% is a good number for a royalty fee. Lets face it they know the IP, they can build one across the street - our only leverage was Dubbo but management it would appear have fumbled that one again as it looks like Hyundai are on the go slow for some reason. Lets get those photos of Rowena and Mr. Kyu-yearn Hwang signing a fast track agreement done before the 18th November 2022 so I can pick up my allocated shares.
@Slicer75 dude the South Koreans know this equipment like the back of their hands mate. If it ain't working they can fix it or someone will know someone who can fix it. You know who probably could not fix it, ASM team batting for Oz. So if it ain't working then maybe the South Korean team do not want to fix it. Or maybe the tech works just fine but we are finding it hard to get offtakes on one end and feedstock on the other. Not just getting feedstock from KOMIR which was a done deal but probably even getting feedstock off of the ports shipped from China. Now even if we were able to somehow snag an offtake in the US like management are telling us they are raising capital for.. wink wink, seriously if ASM cannot demonstrate unwavering cooperation by the South Korean Government through actions not words then maybe our offtake deal with the US firm will hit a road block come due diligence time.
What we know - Time period between Dec 2021 - July 2022 where ASMs language from South Korea is notably different to the time period before that, An MOU with a strike date into 2027, a 10T offtake deal, no KOMIR, a go slow Hyundai, a capital raising @1.73 as global headwinds intensify - coincidence or not, no mention of the Korean Consortium, a weak presentation - that globe picture with South Korea as our metals hub with delivery lines all around the world - I mean really is that our way of impressing our good partners. As investors we need more answers. Have we got all material information from ASM required to make an investment decision into the SPP?
Okay maybe Mr. Kyu-yearn Hwang will not meet with Rowena because his wife will get jealous. In that case I think Ian Gandel should call him, fly over there and meet with him, do the photo thing with tea and biscuits. Fast track everything Ian, it should not be that hard as we have an existing agreement with them.
(20min delay)