ASM 1.24% $1.02 australian strategic materials limited

China’s floods slams rare earths industries., page-11

  1. 648 Posts.
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    John, the Chinese floods affecting rare earths production in China is seen as good for ASM.

    The share price fall is an unrelated matter and most likely a consequence of price rising too quickly and a possible misreading of the accounts where total equity is negative.

    subsequent events have converted the parent debt and post 30 June, it's a strong balance sheet with net assets of $119M, if I'm not mistaken.
 
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