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78.5¢ australian strategic materials limited

Ann: Results of Extraordinary General Meeting, page-6

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EP91

142 Posts.

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20/06/24

09:07

Post #: 74402454
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Originally posted by bedger: ↑

And now Rowena will finally perhaps update on how that 3,600 tpa phase II expansion at KMP is going, or those "bankable offtakes" and "strategic partners" for Dubbo in 2024. Or on the progress on that "supply of NdFeB alloy that was expected to commence in 2024" to USA Rare Earth, to contractually supply them with 60% of their needs for Stillwater.

Hello? Anyone there?

Still really not sure why a massively value destroying raise for $20 million was needed just for an "FID" on Dubbo. Kind of thought a $923 million funding package from the official export credit agency of the US Federal government for the construction and execution phase of the rare earths and critical minerals at the Dubbo project, rather made the decision for them, and the market.

Anyway, expect some positive news soon on that, not sadly before many long-term holders understandably got fed up and sold out and made the tax loss credit real. Always a horrible time of year to be holding small caps, but invariably the time to buy more too.

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I thought part of that raise was to fulfil the co-contribution conditions that came with those LoI.

ASM Price at posting: 82.5¢ Sentiment: Buy Disclosure: Held
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Last 78.5¢		Change 0.035(4.67%)		Mkt cap ! $135.8M

Open	High	Low	Value	Volume
74.5¢	79.0¢	74.0¢	$517.1K	663.9K

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No.	Vol.	Price($)
5	12182	78.0¢

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Price($)	Vol.	No.
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