ASM australian strategic materials limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-111

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    lightbulb Created with Sketch. 1642
    using hindsight on this is pure hubris.

    what do you mean they thought they had it covered? was there a path for ASM to avoid CR and/or going into debt when going ahead with Dubbo and if needed to develop more plants? If the answer is no, then they knew sooner or later they needed CR and/or debt. And they had plenty of opportunities when ASM was all the rave and trading well above $10 - issuing lot less shares and raising lot more funds.


 
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