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69.5¢ australian strategic materials limited

I don’t think so, if he wants to maintain 20% ownership at $10...

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Dariiush

593 Posts.

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17/07/24

11:15

Post #: 74790561
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Originally posted by Leapzig: ↑

Many of us were dumbfounded when we did not raise at $10. I know I for one was constantly posting about why haven't we raised when we were at that price.

The $ that the Chairman would need to invest is the same whether the share price is at 80c or $10.00.

They did not raise because they knew Dubbo was not ready and that they would have an unprofitable mine. The day we see zirconium, hafnium and niobium offtakes is the day we will begin to celebrate.

Time to focus on the others. The world needs high temperature zirconium alloys for fusion temperature control in nuclear reactors, so why are we not in that space. We are not profitable as just a rare earths company. White papers on rare earths and all efforts on rare earths is just capitailising on the macro demand.

Riding the wave, no real effort by management at all. I am over rare earths. This company rode that bubble and then it burst.

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I don’t think so, if he wants to maintain 20% ownership at $10 he will need to pay waaaay more than at 80c.
20% of $2bn is waaay more than 20% of 140m.

i think we relied on KCF and they flopped

ASM Price at posting: 80.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 69.5¢		Change 0.010(1.46%)		Mkt cap ! $125.8M

Open	High	Low	Value	Volume
69.0¢	70.0¢	68.0¢	$91.63K	132.7K

Buyers (Bids)

No.	Vol.	Price($)
1	30000	69.0¢

Sellers (Offers)

Price($)	Vol.	No.
69.5¢	1080	1

View Market Depth

No.	Vol.	Price($)
1	30000	0.690
9	81658	0.680
1	1481	0.675
2	16000	0.670
3	6500	0.665

Price($)	Vol.	No.
0.695	1080	1
0.700	6000	1
0.720	10000	1
0.740	2500	1
0.750	6140	1

Last trade - 16.10pm 22/07/2024 (20 minute delay)

ASM (ASX) Chart