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ASM, Australian Strategic Materials Limited
mullokintyre
post Posted: Oct 15 2020, 10:49 AM
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In Reply To: mullokintyre's post @ Oct 13 2020, 10:24 AM

QUOTE
If Scotty from Marketing were an investor/trader, he would be saying "how good is ASM".

And today it hit 4 bucks, up another 12%, after the announcement it has produced an 8kg sample of Zirconium from its trial plant.
It seems that the punters just can't get enough of this stock!
The only unfortunate part is the following
QUOTE
I am returning to Korea to continue investment discussions, oversee the design and construction of
a 250 kg per day continuous metal plant in Korea, and to continue advancing discussions for a
potential partner in the metal business. Mr Woodall said.

Would have been nice to have built that factory here in OZ.
Mick



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mullokintyre
post Posted: Oct 13 2020, 10:24 AM
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If Scotty from Marketing were an investor/trader, he would be saying "how good is ASM".
Just keeps hitting new highs.
3.20 now is the new high. Up 12% again today,.
Looks like a lot of folks want a chunk.
Question is, when does it hit 'the wall" and take a rest.
Mick



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mullokintyre
post Posted: Aug 25 2020, 10:27 AM
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looks like its topped out. Reached the high of 2.64 on the open this morning, but has since fallen back to 2.19.
Looks like it will finally take a breather.
Mick



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mullokintyre
post Posted: Aug 24 2020, 11:12 AM
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In Reply To: mullokintyre's post @ Aug 21 2020, 12:16 PM

And still it marches higher!
High of 2.29 so far today.
228 mill cap value from a spin off.
Not bad.
Mick



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mullokintyre
post Posted: Aug 21 2020, 12:16 PM
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In Reply To: mullokintyre's post @ Aug 21 2020, 10:14 AM

Well, so much for that strategy.
Up to 1.86 now.
Oh well, I have at least got some real profit, as distinct from a larger paper one!
Mick



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mullokintyre
post Posted: Aug 21 2020, 10:14 AM
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In Reply To: mullokintyre's post @ Aug 20 2020, 04:19 PM

Had a small lot taken out at 1.60 in the open this morning.
Will look to be buying some back if it gets below 1.50.
mick



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mullokintyre
post Posted: Aug 20 2020, 04:19 PM
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In Reply To: mullokintyre's post @ Aug 19 2020, 10:09 AM

there must be a lot of people keen to get into ASM, up to a new high of 1.565 today, closing fractionally below that figure.
May have to take some profits if this continues.
Mick



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mullokintyre
post Posted: Aug 19 2020, 10:09 AM
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produced another sample of a different REM from pilot plant.
Mr market seemd to like it, back up to 1.20
Now if only they could somehow get the major plant built in Dubbo.
Get the govt to subsidise a few hundred thousand solar panels next door to provide power, and all boxes would be ticked.
Mick



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nipper
post Posted: Aug 10 2020, 12:50 PM
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In Reply To: mullokintyre's post @ Jul 30 2020, 12:34 PM

seems to have stabilised in the 90c to $1.05 range.
News coming out is positive; today:
QUOTE
The ASM joint venture partner has produced high purity (99.83%) titanium metal powder through its new electrorefining process at the commercial pilot plant in South Korea. This was the final stage of the patented metal process that confirms 50% less energy is used than traditional methods. ASM will now focus on the production of dysprosium, praseodymium and zirconium metals in August
and this follows the earlier Ann from 30 July:
QUOTE
Successful production of 7.6 kg of neodymium metal
Assay confirms neodymium produced is at 99.8% purity
Metal purity is higher than typically traded neodymium metal
Validation of the patented carbon free metallisation technology for rare earth metals

might be on a winner here (and pilot plant in S Korea rather than, say, Malaysia, could be handy)

b..b... But it is still early days. As from elsewhere
QUOTE
ASM will need to raise $1.3B to get their ducks lined up.
Current Dubbo Project IRR is about 18% but quite few unknowns
.
Lots more will be known by end of year,.....





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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: Jul 30 2020, 12:34 PM
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In Reply To: nipper's post @ Jul 30 2020, 11:39 AM

Currently 1.38.
I got 17k worth of the stock in the demerger.
My ALK holding did not go down by 17K, so I reckon its a winner.
Will probably buy more.
Wait till the dust settles, and see what the base price turns out to be.
Mick



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