the company has had over a year of KMP being open to "show any signs of a going concern business" and yet it still has had only 1 customer for 3t (still no news on the other 7t, i hope the company hasn't lied about NS World's reasons for not completing the order). how long of a runway do you give a company like this where there is a global critical minerals theme + diversification of supply chain theme supporting the business case but no meaningful buyers of the product?
it really raises the questions about why ASM would do KMP on a 'build it and they will come' basis using 100% equity funding and is there anything wrong with the product.
ASM Price at posting:
$1.23 Sentiment: Hold Disclosure: Held
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