ASM 13.8% 70.0¢ australian strategic materials limited

ASM shares held by REMX Rare Earth/Strategic Metals ETF., page-266

  1. 520 Posts.
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    I have given up trying to predict what MVIS will come up with for their forthcoming REMX rebalance that Van Eck tracks. I suspect their selection criteria may not be as rigorous as stated. They have taken a bloodbath on some Australian components since the last rebalance and who knows how they handle a stock currently under suspension. I hope that ASM does drop out this time as it will remove a significant holder being a source of loan stock for the short sellers. Critical dates are valuation date 31st May, publication date 10th June and implementation 17th June. There will be a number of other index reweightings around this time so perhaps a challenging roller coaster ride coming up.
    Best case scenario is ASM drops out of Van Eck and has to buy back in at a very much higher price in a subsequent rebalance.
    DYOR and tighten the seat belt.
 
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Last
70.0¢
Change
0.085(13.8%)
Mkt cap ! $126.7M
Open High Low Value Volume
61.5¢ 70.5¢ 61.5¢ $192.8K 290.6K

Buyers (Bids)

No. Vol. Price($)
1 1481 67.5¢
 

Sellers (Offers)

Price($) Vol. No.
70.0¢ 3999 1
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
ASM (ASX) Chart
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