ASM 18.9% 63.0¢ australian strategic materials limited

ASM Chart Thread, page-8706

  1. 355 Posts.
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    What ASM simply needs is revenue.

    The quarterly was good and there was nothing to seriously worry about, (it was very encouraging). However what we need now is to lock in deals and work towards that magic 600 tonnes a year to achieve break even. So far we have only 10 tonnes... 590 to go. Once we have a linear, (or hopefully exponential!), path of revenue growth it will be blue skies, shorters will jump ship and the share price will rocket.

    We are hearing through the grapevine that Rowena and the Board are travelling around the world... I hope they are focusing on locking in contracts. We want them to announce to the market every ruddy contract they lock in over the next 6 months. Fluffy words in announcements are good, but you can't beat a profit and loss statement with an ever increasing top line, (and hopefully bottom line). I'm a boring accountant by trade and the numbers never lie!


    Last edited by Ranganuts: 27/10/22
 
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