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12.3%

64.0¢ australian strategic materials limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-50

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Timetotrade

8,483 Posts.

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29/07/21

21:26

Post #: 54884170
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Originally posted by JacobW: ↑

An emerging rare earth success story
If Lynas is definitely not a small cap the next stock in terms of market value is also heading for the small cap exit.
In the same way Lynas leveraged its growth off a “China-dodging” deal with Japan,Australian Strategic Materials (ASX: ASM)is leveraging a similar deal with a consortium of Korean companies keen to secure their own supplies of rare earths.
The Koreans are paying US$250 million for a 20% stake in ASM’s Dubbo project in western New South Wales and while the Dubbo orebody (which was discovered more than 30 years ago) is rich in a variety of elements, including zirconia and niobium, it’s the neodymium that’s the main attractions.
Since the start of the year, ASM’s share price has risen by 33% from $6.58 to $8.70, valuing the business at $1.2 billion.

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"If Lynas is definitely not a small cap the next stock in terms of market value is also heading for the small cap exit"

Perhaps that is a signal that ASM is heading toward entry into the ASX300.

rebalance should occur mid Sept.

ASM Price at posting: $8.49 Sentiment: Buy Disclosure: Held
9 Upvote

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(20min delay)
Last 64.0¢		Change 0.070(12.3%)		Mkt cap ! $111.5M

Open	High	Low	Value	Volume
58.0¢	64.5¢	58.0¢	$129.6K	210.6K

Buyers (Bids)

No.	Vol.	Price($)
2	71	64.0¢

Sellers (Offers)

Price($)	Vol.	No.
64.5¢	1912	2

View Market Depth

No.	Vol.	Price($)
4	8059	0.630
5	14395	0.625
2	3650	0.620
2	2400	0.615
1	2700	0.610

Price($)	Vol.	No.
0.640	4917	4
0.645	4261	2
0.650	17600	1
0.655	2903	2
0.665	1603	1

Last trade - 14.56pm 12/09/2024 (20 minute delay)

ASM (ASX) Chart