you can write whatever you want to try and pump this up, but it's clear that management have absolutely destroyed the value of this company by:
- first promising the world and so much revenue coming out of our ears with KMP and our esteemed south korean partners under a 'build it and they will come' strategy
- no one actually came and now we are pivoting to a US metals plant, even though the first plant loses money and has 1 customer that doesn't actually take any ndpr (what is NS World doing?)
- failing to secure any long term supply of feedstock from our south korean and dodgy vietnamese friends, and not only that, buying feedstock when the price was high and selling excess feedstock when the price was low.
- failing to publish any production numbers and conversion/efficiency numbers for KMP ever since it was established. i guess it's pretty hard when there are no customers.
- have they even installed and commissioned the TiCu line like they said they would?
- anyone remember that magical south korean ZironTech that was supposedly going to make KMP so much better than any other ndpr production method?
- still have no capital / cornerstone equity partner
- dubbo is still a stranded asset despite attempts to modularise, make more efficient, reduce the cost of, etc etc. as late as october last year we are still trying to figure out how to make it economical (with taxpayer money) https://asm-au.com/dubbo-at-the-heart-of-plans-to-grow-critical-minerals-and-rare-earths-industry-in-nsw/
- flying all the senior execs around the world to meet potential customers and equity partners - and still not getting any. including using gandel's private jet for which we reimburse him for.
- did ASM even build the infrastructure they received NSW government grant for? https://asm-au.com/dubbo-project-gets-10-million-funding-boost-from-nsw-government/
personally i wouldn't be surprised if there was some chris ellison / minres level dodginess going on with our executives spending habits.
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ASM
australian strategic materials limited
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62.0¢

you can write whatever you want to try and pump this up, but...
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Last
62.0¢ |
Change
-0.090(12.7%) |
Mkt cap ! $112.4M |
Open | High | Low | Value | Volume |
68.0¢ | 68.0¢ | 59.0¢ | $538.2K | 873.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2354 | 62.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
63.0¢ | 6006 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2354 | 0.620 |
1 | 10000 | 0.610 |
3 | 3226 | 0.605 |
2 | 12000 | 0.600 |
4 | 77525 | 0.595 |
Price($) | Vol. | No. |
---|---|---|
0.630 | 6006 | 2 |
0.640 | 15000 | 1 |
0.645 | 41500 | 2 |
0.650 | 40000 | 2 |
0.675 | 5000 | 1 |
Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
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ASM (ASX) Chart |