ASM 3.64% 85.5¢ australian strategic materials limited

Ann: USD 15 m Subscription Agreement at AUD 8.90 per share, page-124

  1. 3,243 Posts.
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    I understand why you perceive ASM as having the weaker hand when dealing with SK. But there is a mountain on money and increasing interest being shown from the US now. That lurking threat (to SK dominance) will keep ASM in control for now I feel. The big long term money is not in Dubbo but rather the metals business with any metals plant churning out $40M EBITDA for a $40M capex! The Koreans potentially have 30% of KMO but a very much smaller share of the other plants to come.
 
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