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ASM, Australian Strategic Materials Limited
mullokintyre
post Posted: Jan 11 2021, 07:15 PM
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In Reply To: nipper's post @ Jan 11 2021, 04:37 PM

Yeah, thats the way things go sometimes.
I was always in for the long haul.
Mick



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nipper
post Posted: Jan 11 2021, 04:37 PM
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In Reply To: mullokintyre's post @ Dec 21 2020, 12:59 PM

QUOTE
gift that kept giving

that was then .... Sitting under the XMas tree. But then unwrapping began?

Hit $6.75 in 29th, then retraced; closed at $4.73 today (ARU up 20%; coincidence?)



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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: Dec 21 2020, 12:59 PM
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In Reply To: mullokintyre's post @ Dec 14 2020, 10:46 AM

It was only Dec 14th I said
QUOTE
ASM, the gift that just keeps on giving.
Approaching 5 bucks now.
Just sitting back enjoying the ride

Well here we are 8 days later and ASM has gone through 6 bucks.
The punters just can't seem to get enough.
Still holding on though.
Mick



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sent from my Olivetti Typewriter.
 
nipper
post Posted: Dec 14 2020, 11:04 AM
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In Reply To: mullokintyre's post @ Dec 14 2020, 10:46 AM

If the expression of being a Dick for a Tick, of missing a trade because of an unwillingness to meet the market, then I have been a complete Dag for a Bag, and do not hold, even though following, posting,telling myself I should (and had money on the sidelines waiting) ever since ASM came out of Alkane and especially when it bounced around a buck level for a week or so.

I hear the Rare Earths story, there are just so many convergences happening for there not to be opportunity (China dominance, EV uptake, wind power, the green and glorious future) but the nature of finding a winner is hard. and the reality of what happened in 2010 / 11 when RE prices roared ahead only to fall back. So many small cap players are in on a wing and a prayer but bringing in a bit of dirt involves a process that appears hard. Proving up, finding partners, building plant.. getting end users on board. All up, it seems to be beyond most minnows. ASM has momentum and capacity, and seems to have done it!!!.



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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: Dec 14 2020, 10:46 AM
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ASM, the gift that just keeps on giving.
Approaching 5 bucks now.
Just sitting back enjoying the ride.
Mick



--------------------
sent from my Olivetti Typewriter.
 
mullokintyre
post Posted: Nov 19 2020, 09:05 AM
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I seem to be the only person interested enough in ASM to post anything ,on ASM, which is a little surprising given its meteoric rise.
On October 13 I said
QUOTE
If Scotty from Marketing were an investor/trader, he would be saying "how good is ASM".


Well, things just keep getting better.
F
QUOTE
rom todays ASX release
Australian Strategic Materials (ASX:ASM) (ASM) has successfully confirmed the commercial
scalability of its innovative metallisation process with the production of 120kg of titanium
copper alloy (99.5% purity) at its facility in Korea.
ASM’s Ziron Tech team produced two 60kg runs of the titanium copper alloy at a rate
equivalent to approximately 1,000kg per day. This result is significantly above the targeted
250kg per day production rate, outlined in the agreement between ASM and Dongkuk
Refractories and Steel Co Ltd (DK R&S), announced on 2 November 2020.ASM Managing Director, David Woodall said “The successful commercial production run of
titanium metal alloy is a significant result for the ASM team in Korea. What is even more
pleasing is that this result was achieved using a newly registered patented improvement to
our metallisation process, which has more than doubled the metal yield. We continue to
discuss with DK R&S how we can accelerate the development of a metal processing plant in
Korea.
“In addition to producing metal products from our Dubbo Project in central west NSW, ASM
now has the potential to develop a significant business unit around titanium and other
metals. This provides a tremendous foundation for ASM and its shareholders.”


Still wish the commercialisation of the plant was happening in OZ, but I guess the costs of here versus Kore would a big factor.
perhaps a little political play as well.

Mick



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mullokintyre
post Posted: Nov 11 2020, 09:03 AM
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And in another goos piece of news, ASM has produced some ferro rare earth permanent magnets.
QUOTE
ASM has produced 200kg of ferro-neodymium (FeNd - Nd 80.3%, Fe 19.9%), a key
constituent of strip cast permanent magnet alloys.
• ASM is working with the Korea Institute for Rare Metals (KIRAM) to produce a strip
cast permanent magnet alloy which will be formed and sintered into permanent
magnets.
• Samples of permanent magnets will be distributed to Korean industry for evaluation.


Should be a good for ASM.
Mick



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sent from my Olivetti Typewriter.
 
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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sent from my Olivetti Typewriter.
 
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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sent from my Olivetti Typewriter.
 
 


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