I will take the bait...
ASM will likely be outperforming almost every other REE project outside of China by 2030 - mostly due to ZironTech, DZP & alignment with KOMIR & South Korea
It's just my opinion - I hold HAS but not Iluka - I also hold WSA & they also JV with Iluka
JVs are usually a catch 22 & can lead to synergies & takeovers but also stale mates, loss of direction & perhaps subtle but deliberate stalling of projectsIluka & HAS should work well though the negotiations around pricing & percentages will be interesting - Iluka didn't want to takeover HAS at this point & I am pretty sure HAS would have struggled to fund their own newly commissioned cracking & leaching or processing operation despite already having offtakes
There are plenty of REE players emerging outside of China & most should find markets for their products - though sone will probably just keep drilling & hoping for a takeover or similar JV to eventually take their metals to market
Should be plenty of demand for decades to come to allow ASM, Lynas, MP, Iluka, HAS & a host of other upcoming REE projects to come online & be profitable
Some investors will go the REE index route or just buy shares in most REE projects - others will look deeper at each business & try to identify the best ones
Probably not the worst idea to invest in many Australian projects though I think there are quite a few that are flawed or not likely to be profitable or will struggle to bring ore to market or simply have no realistic plans beyond perpetual drilling & cap raises to prop up management lifestyles & dreamers
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67.0¢ |
Change
0.030(4.69%) |
Mkt cap ! $121.4M |
Open | High | Low | Value | Volume |
68.0¢ | 68.0¢ | 64.0¢ | $197.7K | 297.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12500 | 65.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
67.5¢ | 1440 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12500 | 0.650 |
2 | 11503 | 0.645 |
4 | 9657 | 0.630 |
1 | 5000 | 0.625 |
2 | 11500 | 0.610 |
Price($) | Vol. | No. |
---|---|---|
0.675 | 1440 | 1 |
0.680 | 3111 | 2 |
0.690 | 24332 | 4 |
0.695 | 4000 | 1 |
0.700 | 27977 | 6 |
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