ASM Chart Thread, page-158

I haven't posted for a while but I must admit I can't wait for news on the optimisation of the Dubbo project and offtake and strategic partner announcements. Both slated for the first part of 2021.

And to read from non-holders that this company is being driven by retail money!?!. Maybe I'm not (or perhaps others aren't) paying close enough attention here. A quick review of today's trade numbers (I've just taken a download of Commsec numbers which I believe include ChiX):

• A total of 2,175 trades of which nearly 28% (608 trades) were for a value less than $500. That's not retail. Sure, there may have been a very small percentages of these trades that may have been an overhang from earlier trades to fulfil orders.
• Of the 2,175, there were 1,362 (so 62% of the 2,175) were for trades between $500 - $10K. So these are most probably retail;
• the rest, approx 202 (around 10%) were for trade values of more than $10K. 43 of these were for trade values in excess of $25K. The largest being 40K shares @ $4.74 for a value of $189K, first thing this am. Maybe retail, probably not.

I prefer to go back to the numbers (bit obvious!) rather than believe a statement/view on HC. Anyway, I think the important point for me from this data, is that if institutions weren't interested in controlling their entry into ASM, the number of low value trades (<$500) would not be here. But that's just my opinion!

But one point of view for this level of activity and the volatility shown over the past week, is that we may be getting closer to some of these high profile announcements alluded to in the December preso. All of which have been on the drawing board since at least around the start of last quarter.

Looking forward to the next 2-3 months at least!.

J22