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68.5¢ australian strategic materials limited

Seems shorts are creeping up again, perhaps they did have some...

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Danielwhiterun

1,317 Posts.

105

24/06/24

08:44

Post #: 74451720
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Originally posted by Leapzig: ↑

Spot on.

Still really not sure why a massively value destroying raise for $20 million was needed just for an "FID" on Dubbo.I will hazard a guess that the individuals and/or groups involved in the complaint to ASX Aware were also behind the completely value destroying CR.

Remember this...

The discount from the VWAP was ludicrous and it destroyed the momentum that was building.

Management have appeased the shorts in my opinion, who lodged the complaint.

You are right, the whole FID raise was nonsense. We had money to take care of our FEED requirements, and to therefore allow the momentum in share price to keep going but management chose to shit on that. FID raise could easily have happened in 6 months.

I have an opinion on connections, but I will keep that to myself. Needless to say, someone is benefiting from the lower share price, much to the gratitude of management.

It is as clear as day what happened. Rowena needs to ink those offtakes as any descent effort that was involved in the EXIM letter of intent is now water under the bridge.

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Seems shorts are creeping up again, perhaps they did have some connection here and have since destroyed the SP to force sales.

ASM Price at posting: 80.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

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(20min delay)
Last 68.5¢		Change -0.010(1.44%)		Mkt cap ! $124.0M

Open	High	Low	Value	Volume
69.5¢	70.5¢	68.0¢	$122.9K	178.4K

Buyers (Bids)

No.	Vol.	Price($)
1	399	68.5¢

Sellers (Offers)

Price($)	Vol.	No.
69.5¢	8000	1

View Market Depth

No.	Vol.	Price($)
1	399	0.685
6	46295	0.680
3	18266	0.675
2	16000	0.670
2	2000	0.665

Price($)	Vol.	No.
0.695	8000	1
0.700	20000	1
0.705	5000	1
0.710	18008	2
0.715	3000	1

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