Australian (ASX) Stock Market Forum

ASM - Australian Strategic Materials

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Dona Ferentes said:
lining up the achievements
• High purity titanium (Ti) metal 20.8 kg produced assaying 99.83 %
• Innovative metals process confirms 70 % lower energy consumption
• ZironTech optimisation increase metal efficiency by 50%

followed by:

- well, what do you know ... we may even manage to be more than mere exporters of raw materials? Albeit in association with the Koreans.
easy as ABC ... Anywhere But China
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Would really like them to firm up the process in the pilot plant, then build a for real plant in Dubbo.
 
Been on ASM for 3 days
I'd have thought the setup would have sparked
some interest from those following Pete 2 methods.

Pretty thinly traded (Large gaps between Price levels)
Could be currently topping in the shorter term from
a technical view. Volume not really at blow off top levels.
So Sticking with it for now while watching lower timeframes
for some hints.
 
For those who believe that good money is slow to find in stock larger than small and micro cap

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ASM is now X4 to the listing SP. here have been two distinct run-ups (doubling, each time); is $4 another plateau?

With the first AGM recently held, as well as the focus on the spinoff from Alkane, the ... other main focus of [the] company has been the progression towards the commercialisation of a new low-emission metallisation technology in joint venture with the South Korean company, Ziron Tech. The pilot plant, commissioned in June this year, has already demonstrated its ability to produce high-purity titanium, neodymium and praseodymium metals with up to 70 per cent energy reduction over conventional processes.

And now, dysprosium and zirconium have been produced at the pilot plant. And now the CEO is "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."

It has always been known a truckload of money will be needed ($1 billion?) for Dubbo Project oxides and concentrates to be transformed into high-purity metals without the need for third party processing. The process is looking possible; shame it won't be built in Australia.

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ASM and Dongkuk Refractory and Steel, a subsidiary of Dongkuk Industries have signed, Friday 30 October, 2020, a joint development agreement for a 250kg / day metal plant incorporating the innovative and patented low emission, high purity metal-refining technology in Korea to be acquired by ASM through the acquisition of a 95% interest in Ziron Technology Corporation (as announced on 3 September 2020).
"This production facility will prove Zirontech’s patented low emission, high purity metal-refining technology at scale, paving the way for a 3,000 to 5,000 tonne per year metal plant in Korea."
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Highlights:
• 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.

- the process clearly works; I can't quite throw the idea the Koreans will benefit more.
ASM’s “mine to manufacturing” strategy :
"We are looking forward to seeing the progress of KITECH’s permanent magnet production run, as Korea continues to secure its supply chain to provide stability, security, and sustainability for its vital new technology manufacting sector. This is strongly aligned with ASM’s strategy.”
“With partners, Dongkuk R&S, we are progressing the design and construction of our 250kg per day continuous metal plant in Korea (as announced on 2 November 2020). We expect to see the first phase of commercial operation within four months. This will represent the start of ASM’s metal business, which should prove very exciting for our shareholders.”
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With the motivation to produce more rare earths outside China it may be worth keeping an eye on the rare earth companies on the ASX.

ASM is a relative newcomer and in conjunction with a Korean company has refined rare earth elements from a NSW resource.
I am hoping that the trading range extends into an abc so I can buy at a price nearer to 3.00 but price may defy me and break out > 4.25 soon.

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ASM, the gift that just keeps on giving.
As these shares cost me nothing, I am not going to stick to my normal rules, namely, when I make a good profit on a stock, I book it and move on. No one ever went broke taking profits, they may just not make as much. This rule has generally worked pretty well for me in the past. But I have no idea how to value the stock on fundamentals, and have no idea what its fair value is based on any other metric.
With the stock now within a bees dick of 5 bucks, its onwards and upwards.
 
mullokintyre said:
ASM, the gift that just keeps on giving.
As these shares cost me nothing, I am not going to stick to my normal rules, namely, when I make a good profit on a stock, I book it and move on. No one ever went broke taking profits, they may just not make as much. This rule has generally worked pretty well for me in the past. But I have no idea how to value the stock on fundamentals, and have no idea what its fair value is based on any other metric.
With the stock now within a bees dick of 5 bucks, its onwards and upwards.
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I've been having fun trading this but you're right, I really should just leave it. It had virtually no resistance this morning.
 
This is clearly a stock with a SP that reacts to market depth for some reason ?

Most of the selling depth (multiple layering of 10,000 sell orders put up yesterday) has disappeared for now.
 
mullokintyre said:
Ha Ha, but i am not sure that the new admin will change that ruling. its not to anyones political advantage.
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No, I tend to agree on that, Mick, but the coincidence or timing is striking.

After running from under a buck to $6+, it was always likely a run for the exits might occur. Maybe Significant Holder notices may confirm.
 
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