ASM australian strategic materials limited

I think Daniel and a few of us are right with the significance...

  1. 408 Posts.
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    I think Daniel and a few of us are right with the significance of 5.7+ million shares currently short sold. With only 334,116 shares for sale on the market they are unable to cover their 5 million plus shares without a capital raise or a sweetheart deal with a substantial holder. With only 166 million tightly held shares on issue current holders are standing firm in expectations of substantial Dubbo off take and funding deals. These deals will lead to more upward share price and the need for more active short selling. Efforts to suppress the share price through algorithmic trading patterns are obvious and encourage me at least to continue to hold. Time is on our side.
    Last edited by HCgreggy: 05/09/23
 
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(20min delay)
Last
57.5¢
Change
0.015(2.68%)
Mkt cap ! $104.2M
Open High Low Value Volume
56.0¢ 59.5¢ 55.5¢ $122.7K 211.2K

Buyers (Bids)

No. Vol. Price($)
3 25000 56.5¢
 

Sellers (Offers)

Price($) Vol. No.
58.5¢ 125000 1
View Market Depth
Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
ASM (ASX) Chart
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