Australian (ASX) Stock Market Forum

ASM - Australian Strategic Materials

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Dona Ferentes said:
Sounds like a good thing... Up 20%

USD 15 million Subscription Agreement at AUD 8.90 per ASM share

Key points
• Additional equity of USD 15 million raised at a share price of AUD 8.90
• July 2021 Framework Agreement revised
• Negotiations are ongoing for a five-year offtake agreement for 2,800 dry metric tonnes of NdFeB alloy from the Korean Metals Plant (KMP)
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Well there you go !

BYO.

gg
 
Correction: now at new lows. Musical chairs on 78rpm.

I was waiting for a reversal and some news as I'm bullish on ASM, but not now. Into the discards pile.
 
Yep that's where it belongs. Good company but dog stock. It shouldn't be on the ASX :2twocents
 
Well, May saw the downward trend continue and the trading halt, after which saw a good rise ~30% up at one stage on 16/5. But it wasn't sustainable and did slide to a new low ($4.99), along with general market sentiment.
Some consolidation in the $5.00/$5.65 range since then. If we see some positive market sentiment in June and a return to "risk on" then I think there could be a leveraged reversal to +$7.00. There is always hope for ye of little faith.
 
Going for it again in the July comp.

After the market took the news well in May, that only lasted for a day for a day, it did manage to maintain support above $5.00. Then comes June and the slide continued, along with a lot of the other June comp entries.

Now for July, we have inflation continuing to rage along and the RBA will raise the cash rate again, I'll go for another 0.5% in July. So as we head into recession, companies that do not make money and those with high debt will slide further down as people cut the losses and exit for cash.

I still currently see ASM as oversold, as it was overbought in the last few months of last year. This could be the bottom and the new financial year could see the money start flowing back into it. Of course there could be more pain below $3.50, but at some stage I think $7/9 is achievable, maybe July.
 
Not at the day job today so...

Was surprised to see how ASM hasn't been faring lately!?

Could this be considered a value and growth stock now?

52 week high $14.14, low $2.87
Not held

Screenshot_20220720-115406.png
 
My pick, yet again, for the monthly comp.
ASM managed to finish July comp in positive territory after the previous few months saw the downtrend continue.
A couple of indicators are "buy", especially after Thursday and Fridays price movement.
Of course, if I didn't pick it for the August comp, it would have been a winner.
 
PZ99 said:
I hate this stock. It'll be stuck at $4 for the rest of the year after today :2twocents@PZ99 looks like your prediction almost reaching there.
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I wondered how could an investor put money @$8.99 on this so called dog script ? I got it almost free from ALK and divested long back.
The CEO departed almost immediately with the COO was ready to step in. Very fishy. David was a good guy and carried lot of work but who knows. May be he made mistakes and management was quietly sharpening the axe. DNH now
My wild thoughts are Korean remote buttons once you see the proposed investments in near future, HYNDAI engineering etc
Hyundai Engineering is as good as Hyundai cars

Still keep an eye on it however
 
Sell the whole thing for $8.90 and I'll be happy. But for as long as others are tipping it and not me I guess I have half a chance at getting my money back.
 
Watching Ian Gandalf giving his pitch at the D&D piss up. Inspiring, not. Owning 20% of the company must have been hard to watch the past few months. I think it started heading south when the capex was announced.

I wonder if the sellers have all departed, or it's just following the market?

Screen Shot 2022-08-01 at 4.53.17 pm.png
 
Sean K said:
Watching Ian Gandalf giving his pitch at the D&D piss up. Inspiring, not. Owning 20% of the company must have been hard to watch the past few months. I think it started heading south when the capex was announced.

I wonder if the sellers have all departed, or it's just following the market?

View attachment 144826
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Normally D & D always starts lots of juicy stories about companies not that they all wrong, but that is the ramping platform for many companies. ASM came down and went up to level today.
 
pushing lower? $2.07; was as low as $1.83 last week

Quarterly out . Cash flowing (out)
ASM’s cash position as at 30 September 2022 was $38.6M. The following [were the] cash movements during the quarter including:
o $1.5M of investment in the Dubbo Project, including the purchase of engineering and metallurgical services.
o $2.7M of business costs relating to administration and business development.
o $16.3M of Korean expenditure, principally relating to inventory feed stock for the Korean Metals Plant, along with administrative and personnel costs which were offset by sales of surplus feed stock.
o $1.1M of investment in the Korean Metals Plant, including the purchase of equipment and machinery.

During the quarter ended 30 June 2022, the Group executed two loan facilities totalling ₩22 billion Korean Won with Korea Development Bank and drew down ₩15 billion on the industrial operating expense facility, which is repayable on or before 10 June 2024 in one bullet repayment. At 30 September, the Group had bank debt totalling ₩15 billion (A$16.1m), with ₩7 billion (A$7.5m) remaining in undrawn facilities..
 
ASM is trading halt today pending announcement about a capital raising.
Picked it in the November comp, mainly cos I thought it had bottomed out.
How wrong was I!!
Once it comes out of the TH, will most likely head down to whatever the giveaway price of the stock that is issued sits.
And of course it will happen after the opening of the comp rather than before it, so will be behind the 8 ball before we even get into the first day.Lucky its only play money!
Mick
 
mullokintyre said:
ASM is trading halt today pending announcement about a capital raising.
Picked it in the November comp...
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One could possibly argue there is ambiguity in Rule #2 and you get another stab?
2. Stocks with a price of less than $0.01 are ineligible for the competition, as are stocks that are currently suspended from trading.
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Suspended from trading at time of entry, or at start of competition?

Over to my learned friends, @Joe Blow ?
 
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