It will happen, but its understandable many have lost money on this. The silliness of 202/21 excluded, its specific commodity mkts etc, Rowena has alas continued to impersonate her predecessor in over-promising and under-delivering. The monetary/capital supply situation for negative cash flow companies has eased at last, but the damage has been done by a failure to provide any discernable real growth in offtakes, and therefore cash inflows.
She didn't need to get it even half way to cash flow neutrality, she just needed to have a bit of promise of cash inflows and potential growth. The USA Rare Earths LLC contract she will argue beyond her control, but she willingly talked it up when arranged.
This has been apparently ramping now since early 2023. When is it actually going to cease being rhetoric and some decent offtakes commercially commenced through KMP?
If readers feel I am being harsh, they were their targets, not ours in very early 2023:
Other than samples, we are seeing only the beginnings of any delivery at the end of 2024, with no volume of note yet reported. Hence the last reported customer receipts were a measly $229,000. The January quarterly better be something half decent or this stock will descend again in absence of any other news.
NOT GOOD ENOUGH Rowena. And the stock price has been punished (excessively) and the tardiness certainly in part to blame, whilst we all wait for the big Dubbo news.
That said, should some actual commercial contracts emerge from all these samples alluded to, this stock will likely kick-up quickly , in similar equity mkt style of over-pricing of results from its under-pricing on lack of....
ASM Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)