ASM 0.92% 54.0¢ australian strategic materials limited

contracted now? absolutely notthe reason is twofoldfirst - the...

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  1. 1,694 Posts.
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    contracted now? absolutely not
    the reason is twofold
    first - the PEs don't have the cash, that's why they're founding the consortium, passing the hat around and etc. etc.
    second - the Koreans are starting to turn the screw on the deal, we've already gone from 20% of Dubbo only, to 10% of Dubbo, 10% of ASM and 30% of the korean plant.
    a chaebol is going to end up putting money into this, and they don't throw cash around that easily, especially in areas they have little expertise in, such as mining
    everything I have heard on this deal is that it will 100% be happening, that's why I'm extremely happy holding, but the terms will continue to be negotiated, and not in ASM's favour overall
    thems the breaks I guess

 
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