I doubt we will have any big news until the next financial year so June is just going to be a SP smashing unfortunately.
The only thing keeping me going in this one is the 'hope' they are making progress in the background - as long as they are making real progress I am not too caught up with the SP. ASM is a bottom drawer stock for me. The sheer scale and complexity means that if it gets up, the SP will reward over the long term.
To have LOI from three first class jurisdictions (Aus, US, Can) to the tune of $1.5B AUD in total shows that the interest and support is there.
It is all about execution and prudent negotiation right now.
The next short-term announcement is the EMP I think re: Dubbo and any updates on the KMP expansion. It won't kick up the SP majorly, but it at least will restore some confidence in Rowena's stated timeline.
ASM Price at posting:
74.0¢ Sentiment: Hold Disclosure: Held
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