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ASM, Australian Strategic Materials Limited
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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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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