ASM 3.11% 78.0¢ australian strategic materials limited

Chill out dude. It's only been off the ATH for a few months.ASM...

  1. 221 Posts.
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    Chill out dude. It's only been off the ATH for a few months.

    ASM was my second ever investment. I was late to the party buying in late January at about $5 after it came off its previous ATH. I watched it waste away at low volume for 6 months, & thought about selling countess times. Would have been pretty dumb in hindsight.

    From memory the Framework Agreement for Dubbo values the business at about $12 a share which excludes all metalisation plants. Buying at under $12 is clearly a steal.

    Imo of you believe ASM will pull off the agreement ASM is a strong BUY. If you see Dubbo being delayed then for me it is still a HOLD because of the easily expandable metalisation business.
 
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