But ASM Dubbo are not a pure rare earth play. They need to have contracts on their entire suite of oxides to make the OPEX remotely viable. Maybe they should think about doing a DFS on the profit to just process and sell rare earth oxides from Dubbo. I am fairly certain that would just be a waste of valuable dollars so not going to happen.
I would like to see a profit and loss statement for South Korea in the quarterly. Incorrigible heads in charge who cannot admit the issues with the South Korean Governmnet. IMO convertible debt finance is coming in the next quarter unless Rowena can do what she said she was going to do at the last Capital Raise.
Talk of a merger or takeover is not realistic without contracts and finance. A bloke was recently telling me about the NSW GM of ASM convincing people to buy in at $10 because it was a sure thing to go to $20. Unfortunately the ones in charge have no idea.
ASM Price at posting:
$1.23 Sentiment: None Disclosure: Held
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