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ASM - Australian Strategic Materials

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Yeah, well done Mick

Could've/Should've/Would've been the first 10Baggie in the speculative portfolio as well...

Oh well, I expect there'll be another opportunity in other small caps if I get my research right or the luck would have it in that portfolio in the future... ?
 
Got to an intraday high of 13.90, so technically I made it.
Have put a sell order in to remove a few at 13.97 , just so I can have it in writing if it keeps going up. (or should that be in electrons, since everything is digital now??),
Mick
 
mullokintyre said:
Got to an intraday high of 13.90, so technically I made it.
Have put a sell order in to remove a few at 13.97 , just so I can have it in writing if it keeps going up. (or should that be in electrons, since everything is digital now??),
Mick
Click to expand...
Ooooh, so close
 
mullokintyre said:
Had a small parcel taken out at $13.97, so I Am now officially there.
Might have two beers tonight to celebrate.
Mick
Click to expand...
As if lockdowns are not bad enough.
Went out to the beer fridge last night and it its dead.
Although I generally drink great northern or draught , my son left some Coronas in there a while ago.
Fridge obviously got the virus, now its dead.
Lucky the temperature out last night was about 4degrees, so beer was not completely lukewarm.
Will have to spend part of my my ten bagger on a new fridge.
Mick
 
mullokintyre said:
Will have to spend part of my my ten bagger on a new fridge.
Click to expand...
My condolences on the beer fridge. ?
Now, Along the lines of "if a tree falls in the forest" type scenario, is a ten bagger really a ten bagger when the profit is still open?
My thoughts lead me to think of the (covid) situation in Dubbo.
I would think the majority of Alkane and ASM staff live there being the closest regional centre to Tomingley.
Food for thought perhaps?
A chart for a holders reality check?

 
Tropico said:
A new high $14.14, but closed 13.74.
Where to from here?
Click to expand...
Hi Tropico - Thanks for bringing ASM to my attention. I haven't seen much 'fresh meat' lately when trawling the ASX, but ASM does tick a few boxes. It has made a very clear Elliott Wave pattern that suggests price should break higher and if it does there's a target of $18.80 in the offing. ASM has a very bullish chart but it has only been listed for a bit over a year and that really isn't long enough for reliable charting predictions. For the EW experts I'm unsure if the wave count shown is for a price cycle or just a rising wave within a larger price cycle. The time frame the waves have unfolded over is probably too short for a large cycle (but not impossible). Either way it suggests price is on Wave 5 or a sub-wave 5, both of which are strong rising waves. Could be worth a punt.
 
Announcement out today on starting the commissioning process of the large scale production plant following from the sucess of the pilot plant.
Not due to be finalised till second half next year, so still some way to go.
Might trade in a narrow band until then.
Mick
 
Government is getting involved. Expect a decision by 2050

NSW poised to reap riches of 'new frontier' in mining — but no funding or timeline yet

The NSW government promises to usher in major rare earth minerals mines and local advanced manufacturing as part of critical minerals hub earmarked for Central West, but just how this will be achieved is yet to be detailed.
www.abc.net.au

Key points:​

  • The government says Australia has the chance to be in the box seat when it comes to the world's supply of critical minerals and metals
  • NSW has launched its Critical Minerals and High-Tech Metals Strategy
  • The Central West hub could also host e-waste recycling for eastern Australia, but funding and timelines are yet to be detailed
 
ASM in trading halt this morning pending an announcement re Dubbo project .
Big question is what will it be.
Normally, looking at the steep fall in share price over the past few days, I would suggest it is not good news , as those in the know have sold out.
But there are lots of things that have fallen over the past few day, perhaps I am merely being my usual cynical self.
Mick
 

That's a whopping Capex...

 
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