Ann: SPP Results/Placement Completed, page-57

I've double dipped here, on top of my SPP allocation. Happily picked up even more at even better prices.

Communication has been poor from management as ever with a little ambiguity versus past statements on use of cash.

They obviously have offtakes from KMP and must as a natural course of business, be looking to increase production with for more customers as they find them. The relationship with S Korea is likely to be good politically with potential US customers. Success breeds success in today's unimaginative world. Suspect you will see some news soon on a US customer on critical earths.

This fall a bit silly if it was in relation to CEO's admittedly suboptimal communication of forward guidance.

Is there anything in the recent Australian Government report on critical minerals that bodes poor for ASM? Don't think so.

https://storage.googleapis.com/converlens-au-industry/industry/p/prj2342ca7b5fb3e8e506a42/public_assets/australias-2023-critical-minerals-strategy-discussionpaper.pdf

Standard green/woke washing, but overall strategy supportive:

"The Strategy will work to support clean energy technologies and will ensure that critical minerals are mined and processed in ways that make a positive contribution to the lives of local communities, First Nations Peoples and the quality of our natural environment."