ASM australian strategic materials limited

The Short Report, page-238

  1. 1,047 Posts.
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    – "So what happens when the shorts close there positions? Do we suddenly run up to $5 - $10 SP on decent buying volume?"

    Shorts have already covered most of their positions without any effect on the SP, thanks to the ill-planned, and unbelievably poorly timed CR. It's possible they're now trying to hit stop losses of people who participated in the SPP. I was hoping short covering would get ASM above the threshold of once again being included in REMX, which would've seen the SP jump, but management's failures have destroyed that possible sequence of events.

    – "less interest being received from Hyundai and KCF, including amended/downgraded framework agreement"

    The KCF certainly appear to be slowly backing away, but IIRC there has never been a relationship with Hyundai that has extended past the contact for Hyundai Engineering Corp. to carry out the EPCD work for Dubbo.

    – "David Woodall …………..?"


    Frank Moon has the inside scoop when it comes to the KMP. Also interesting that IC and NE sold some (NE), or all (IC), of their ASM holdings in late July, 2021. They got out before the top in late November 2021, but may have already been aware of inside information that things weren't going to plan. The whole thing has a bad smell about it – I think there's a significant possibility that IG has purposely held back information in the hope of rectifying the issues, thus negating the need to inform the market.
 
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(20min delay)
Last
52.0¢
Change
0.000(0.00%)
Mkt cap ! $94.29M
Open High Low Value Volume
52.0¢ 54.5¢ 52.0¢ $67.63K 128.1K

Buyers (Bids)

No. Vol. Price($)
4 62493 52.0¢
 

Sellers (Offers)

Price($) Vol. No.
53.0¢ 5741 4
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Last trade - 16.10pm 26/06/2025 (20 minute delay) ?
ASM (ASX) Chart
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