My reasoning is.
1. Firstly I still think Hyundai is very much in the picture. Contracted to build 2200 wind turbines for the Korean Govt by 2030 I think the date was, and approx 200kg of NdPr for each they will need many deals like the one with ARU to achieve this.
2. I think this stock is massively oversold.
3. Feedstock is available and the smallest of product sales with generate cash and the ramped down investor confidence will reverse.
4. The whole market is depressed atm, not just ASM. At some point bargin hunters will launch in.
ASM Chart Thread, page-8940
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Last
85.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $153.9M | |||
| Open | High | Low | Value | Volume |
| 86.0¢ | 88.5¢ | 83.5¢ | $226.2K | 264.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8873 | 84.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.5¢ | 2871 | 5 |
View Market Depth
| Last trade - 14.50pm 15/07/2024 (20 minute delay) ? |
| ASM (ASX) Chart |