That is basically , a good summary Bedger ....of the "wonderful opportunity "story that Bell Potter , who was the appointed lead Broker to the recent Institutional cap raise ( and concurrent SPP with it ) must have grasped and been comfortable with in enticing Instos and Soph. Investor clients , to subscribe @$1.73 .
So ...either or Bell Potter and retail Investors ( me ) who participated , are gullible and mugs ...or the current weakness ( somewhat expected immediately after the raise ..Directors I G and Kerry Gleeson
could not have participated , if news "imminent " at the time the CR was announced ) ...presents an even better opportunity , as you have done , to add !
Bell Potter ...I suspect ...will have their Insto clients starting to make incoming phone calls ...that some positive news , obviously outlined in the CR spin yo participate ...better start to emerge soon (ish) , or when the share price "regroups"to $1.73 or thereabouts , we are "outa here "! Done and dusted with slow moving or unfulfilled potential promises !
So ...;LOW TRADING VOLUMES don't indicate to me , that there is anything but disenchanted retail selling at present .So ...disenchanted as many/most of us are likely to be , there is still a part of the "forensic test " that indicates , a positive share price turn via one/some positive announcements , is coming soon !!
The September Quarterly ( released October last ) outlined substantial progress on a number of fronts ...December Quarterly ( in Jan 2023 ) had better summarize some PRICE SENSITIVE ANNOUNCEMENTS between now and the release of the Quarterly ...or the share price will be under more severe pressure , and IG and Board will have a cluster of unhappy investors !
We are long past "glass half empty or full "status .. better start to transition from an empty glass and only cask wine available , to pouring an optimistic bottle of nice Sav Blanc or Shiraz .
IG may have loads of time and patience . On the other hand , for some of us retail investors , grandkids educational expenses are getting substantially more expensive !
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australian strategic materials limited
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That is basically , a good summary Bedger ....of the "wonderful...
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Last
53.0¢ |
Change
-0.005(0.93%) |
Mkt cap ! $96.11M |
Open | High | Low | Value | Volume |
53.0¢ | 54.3¢ | 53.0¢ | $116.6K | 218.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 20539 | 53.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 707 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 855 | 0.580 |
1 | 60 | 0.540 |
1 | 1688 | 0.535 |
2 | 5000 | 0.530 |
1 | 5000 | 0.525 |
Price($) | Vol. | No. |
---|---|---|
0.530 | 1749 | 1 |
0.550 | 2200 | 1 |
0.555 | 99 | 1 |
0.560 | 37340 | 2 |
0.580 | 11561 | 1 |
Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
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ASM (ASX) Chart |