ASM 13.8% 70.0¢ australian strategic materials limited

ASM Chart Thread, page-9221

  1. 125 Posts.
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    Looking back, the extended trading range in the 1.40s and 1.50s has provided ample opportunity to buy in well below issuance prices.
    The NSW funding commitment, paired with the US initiative to massively invest in alternative REE processing
    markets independent on China, have provided the perfect environment, geopolitically as well as domestically, to ride the renewal energy wave engulfing the entire planet, choosing this company at massively discounted prices. For price to be still so subdued when HCE on Dubbo already started was too good to resist and further positions were acquired on my part.

    Recent turn around in prices should lead to price over 2 dollars shortly.
    Mid year offtake agreements, notably from the US, should see a forward looking price range of around 4.5 to 5 dollars.

    all IMO


 
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