ASM australian strategic materials limited

Seems almost all shareholders are unhappy with current SP &...

  1. 665 Posts.
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    Seems almost all shareholders are unhappy with current SP & uncertainty of funding for DZP, lack of offtakes & catch 22 of needing feedstock to prove KMP but potentially not having secured sales for end products

    KOMIR will have self interest & existing free lunches to consider

    It's quite bold of IG & ASM to setup KMP using Ziron Tech in SK.

    As many on this forum have previously suggested maybe ASM would be in better position if the metals plant was built in Australia - can see why KMP made more sense but I wonder if there's a level of resentment in some of the SK dealings & maybe IG needs to be a little more generous in his hospitality & "encouragement" of SK interests & associated offtake partners.....

    Quite often billionaires can become very head strong & are targets for cash extraction rather than genuine business dealings - no doubt IG is well aware of this & hopefully things work out over the next few months & years for ASM, KMP & DZP

    Seems like a waiting game with much patience & trust required

    IG & team have progressed ASM to this point & it's a shame funding isn't secured for DZP & offtakes are not locked in for KMP

    Can't see IG giving up & I am happy to keep buying at ridiculously low current SP & wait to see where ASM ends up
    Last edited by EBBandFLOW: 29/04/23
 
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