ASM 4.69% 67.0¢ australian strategic materials limited

That's the positive side of the story , the increase in the...

  1. 1,403 Posts.
    lightbulb Created with Sketch. 1036
    That's the positive side of the story , the increase in the Metal Prices .
    But the "balance of that story"...is the fact ( likelihood) that the oxides or concentrates from which the metals arise , will have risen in price as well !
    Additionally ....even tho the Metal Plant has been delayed in construction , it is making significant progress , and is due to be commissioned by year end ...TWO MONTHS AWAY !
    That then raises two questions :
    1) the availability of raw materials on site , to start and then ramp up the commissioning . There is certainly lack of detail in the Quarterly , other than "these discussions on raw material supplies have been progressed "! The widely circulated conversation of Ship Freighting delays , means that we don't want a Plant without material ! Not saying it will happen , but would rather see much more detail that it is /has been resolved .
    2) which drives into the question of the pilot plant ! It was due to be re-contructed on site with the bigger plant , and operate in support and to provide ( modest) cash flow and /or marketing material . Where are we at with that ....is it recommissioned and operational , and or awaiting raw materials ??
    Not doubting the progress --just think much more substantial information on a few fronts is necessary .
 
watchlist Created with Sketch. Add ASM (ASX) to my watchlist
(20min delay)
Last
67.0¢
Change
0.030(4.69%)
Mkt cap ! $121.4M
Open High Low Value Volume
68.0¢ 68.0¢ 64.0¢ $197.7K 297.6K

Buyers (Bids)

No. Vol. Price($)
1 12500 65.0¢
 

Sellers (Offers)

Price($) Vol. No.
67.5¢ 1440 1
View Market Depth
Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
ASM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.