let's get real, dubbo couldn't get financed when interest rates were near zero how is it going to get financed now when they are near 4%? there are no profits if it's not built. ASM went ahead with 100% equity funding of KMP so that it could have a revenue stream to support financing of dubbo because no one is going to touch what will eventually be over $2b of capex without some other form of financial support.
Now KMP proves to be a cash drain on the company with 1 customer and still all these mouths to feed at the corporate level.
ASM Price at posting:
$1.25 Sentiment: Hold Disclosure: Held
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