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- 28 May 2020
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And most likely to be understated.
Expect it to be closer to 2 bill once the project capex is completed.
Think I might move out of ASM, been a great ride, but its time to move on.
Mick
And most likely to be understated.That's a whopping Capex...
And most likely to be understated.
Expect it to be closer to 2 bill once the project capex is completed.
Think I might move out of ASM, been a great ride, but its time to move on.
Mick
I hope you were out on open?Think I might move out of ASM, been a great ride, but its time to move on.
“I am delighted with the outcomes of the optimisation work which demonstrates the financial strength of the Dubbo Project and ASM’s focus on a sustainable future delivering improved performance and ESG outcomes,” ASM managing director David Woodall said.
“The optimisation work supports a strong go forward case and is an exciting development for ASM, our partners and shareholders.” “The Optimisation Work confirms we have a project that can integrate into our metals business to create an alternate, sustainable, secure and stable long-term supply of critical metals and oxides.”
“This places ASM in an exceptional position in the critical metals value chain, as the vertically integrated owner of a globally significant polymetallic resource in Dubbo, and the capability to produce critical metals from this resource to the highest environmental standards.”
Unfortunately, only had a few taken out on the open.
Looks like you were a month too early PZ.The fools' report of ASM having an agreement with Hyundai Engineering for the Dubbo project have piqued a pick from PZ for the March tipping comp
Australian Strategic Materials (ASX:ASM) share price surges 9% on Hyundai deal
The Australian Strategic Materials Ltd (ASX: ASM) share price zoomed ahead today to finish the session at $7.91 after a company announcement.www.fool.com.au
Not wrong... something to do with Uncle Sam and his robot from what I hear...Looks like you were a month too early PZ.
Up 17% today.
Mick
This is even better than having the local cabbie spruik your shares.The Dubbo Project in New South Wales' central west has been on a 20-year mission to dig up critical minerals and it's finally inching closer to being able to mine them.
Key points:
- The Dubbo Project is now looking to finance its construction stage
- It received all necessary state and government approvals six years ago
- Critics says the federal government has been too slow to recognise the strategic importance of critical minerals
The Dubbo Project is looking to mine a number of rare earth metals and critical minerals like zirconium, hafnium, titanium and neodymium, the products of which can be used in a number of industries, including clean energy, aerospace and some military technologies.
Gill Savage, senior fellow at the Australian Strategic Policy Institute, says this makes the sector relevant to Australia's sovereignty.
"We know that from a defence perspective, high-tech air power is dependent on critical minerals and rare earth elements," Ms Savage said.
"So if we're going to stand as a leader geopolitically, we need to support ourselves in key areas."
But, she says, Australia has been too slow on the uptake, and needs to move towards prioritising its own national interests, especially since the pandemic has exposed a number of supply chain issues.
The owner of the Dubbo Project, Australian Strategic Materials (ASM), says once mining starts — probably in 2025-26 — its mined material is slated to go overseas to the South Korean market.
ASM general manager David Woodall says Korea is an automotive manufacturing powerhouse that is moving towards electric vehicles, while the demand for critical minerals in Australia is still relatively small.
Ms Savage says it is this lack of local demand that needs to be rectified by the federal government in the national interest.
Speaking as one who missed out on buying ASM at 59c and who is still out and kicking myself, the long term chart since it went solo is interesting, up to $14 twice and now falling since.ASm has gone mainstream.
from ABC NEWS
This is even better than having the local cabbie spruik your shares.
Mick
If it was just overshoot that took it to $14, then I'll settle for $9 by the end of the month. Hope it is really good news for the trading halt.Crikey, quite the fall from grace here. What's going on? Did it just overshoot up to $14?
Trading Halt
If it was just overshoot that took it to $14, then I'll settle for $9 by the end of the month. Hope it is really good news for the trading halt.
Just looking at the chart the “Inside Traders” have decided already.
I guess I would be speculating that yesterday's announcement "ASM’s first high purity critical metals plant officially opens in South Korea" being a milestone for the announcements on 24 January 2022, being completion of due diligence and 21 July 2021, the completion of the initial framework agreement with the South Korean consortium to take a 25% (US250m) equity interest in the Dubbo Project holding company.Not sure if this sounds like a good thing, or not.
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