I am referring more immediately to the share price. The business...

I am referring more immediately to the share price. The business will take a long time yet for all of Rowena's rhetoric. But the beauty of equity markets is they reflect future discounted value and only need indication of....previously guidance have, has of course still yet to emerge.

The share market is of course a level II chaos system, but certainly to a degree the poor performance of ASM management in the last two years is baked into the price. How much of a scorecard on management, none of us know - but with NdPr and other RE price movements in the last two years, its likely mostly that company underperformance vs guided expectations.

The KMP is ready to go we are told. Its been open since May 2022! Production is already happen are being despatched to potential customers in light rare earth purity metals and specialist alloys, we've been told.

We've been told present KMP capacity is 600 tpa - we are told it was knocking out a whopping 6 or 7 tonnes to Feb 2025 including samples.
We are told design capacity is 3600tpa from latest interviews (it seems to move around)
We are told European customers are in validation processes.

Clearly the capacity for a bit of a turn around is quite evident. If Rowena and co. FINALLY deliver, the share price falls, certainly to a degree on understandable doubts on their ability to deliver, will similarly come good.

I seem to be the bane of these threads for wanting our CEO to explain why little is said on contracts that were meant to see the KMP already operating at not 600tpa, but at 5200tpa (!!), NOW, by THEIR own past guidance (2023 and 2024), not the apparent 36tpa run-rate it appears to be running at.



The lady doth blow too hard, not unlike her predecessor.