’ assisting Rowena to get off takes for the KMP over the line before the SP drops to 50c’
If ASM have purchased feedstock for the KMP to enable offtakes, as per previous announcements, it would be hugely proactive to update the market regarding this, as this is actually a huge milestone in itself, no feedstock no offtakes.
But then again, proactive and ASM in the same sentence….. lol
Then again, I don’t think we actually got the full info on the previous feedstock ASM purchased, mid last year, what was it, $16m on feedstock? I think the only update we got was a one liner a quarterly, how much of that feedstock was used during the commissioning, which is still ongoing? do we have any left?
ASM we’re smart to raise late last year when markets were on a downward trend, but not so smart not to raise at a SP of $14!
As per the cap raise, ‘ funds to be used to purchase feedstock to enable near term metal sale agreements ‘
near term……… 2023 or 2024 ??
ASM Price at posting:
$1.58 Sentiment: Buy Disclosure: Held
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