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ASM - Australian Strategic Materials

Discussion in 'Stocks 0-H' started by Dona Ferentes, May 20, 2020.

  1. Dona Ferentes

    Dona Ferentes

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    The board of Alkane has resolved to progress the demerger of Australian Strategic Materials Limited (ASM) and listing ASM on the ASX, subject to finalisation of outstanding regulatory matters and shareholder approval at an Alkane Shareholder Meeting expected to be convened in early July 2020. ASM is currently anticipated to list in mid-July 2020.

    If the Demerger Resolution is approved by Alkane shareholders at the Shareholder Meeting, Eligible Shareholders will receive one (1) ASM share for every five (5) Alkane shares held on the Record Date.

    • Australian Strategic Materials Ltd (ASM) is an emerging producer of value add metals and oxides products
    • Established in 2000, historically a wholly-owned subsidiary of ASX-listed Alkane Resources Ltd and holding company for the Dubbo Project
    • ASM to be standalone listed entity in early July 2020 (subject to shareholder resolution)
    • Cash of A$20 million (1 April 2020) and no debt
    • Project located 400km northwest of Sydney; Land and resource wholly owned
    .

    Critical minerals are:
    • Noted as critical by all major manufacturing nations
    • Essential to national economy + security
    • Vulnerable to supply disruptions, e.g. COVID19
    • Essential to new and green technologies

    Zirconium, Rare Earth Elements, Niobium and Hafnium are critical for:
    1. Clean energy and reduced emissions (e.g. EV’s, renewables)
    2. High-Tech Products (e.g. phones, tablets)
    3. Health & Well-being Products (e.g. MRI, replacement joints)
    4. Aerospace & Manufacturing (e.g. jet engines)
     
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  2. Dona Ferentes

    Dona Ferentes

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    Alkane ALK holding an EGM on Thursday, 16 July 2020 at 10:00am to vote for the demerger.

    If passed, it is now likely ASM will list late July (ASX website has tentive 31 July)

    Australian Strategic Materials Ltd (ASM) is progressing the Dubbo Project to become a key global supplier of specialty metals and rare earths. These are critical for advanced technologies in high-growth sectors, including electric vehicles, clean energy, healthcare and robotics.

    https://asm-au.com/

    Our world-class Dubbo Project is an alternative, sustainable and reliable source of premium-quality zirconium, rare earths, niobium and hafnium as oxides and metals. These critical materials that are essential to advanced technologies and only available in limited quantities are mainly supplied from China.
     
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  3. Garpal Gumnut

    Garpal Gumnut

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    Thanks @Dona Ferentes . It will be interesting to see what ASM lists at on 31st July.

    gg
     
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  4. Dona Ferentes

    Dona Ferentes

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    ASM PRODUCTION OF TITANIUM METAL ALLOY CONFIRMING UP TO 50 % ENERGY SAVINGS

    Highlights:
    This is an ALK announcement, but part of Australian Strategic Materials....
    ASM partner, ZironTech has successfully produced another run of titanium metal alloy at the joint venture commercial pilot plant in South Korea. This subsequent run produced approximately 22 kilograms and confirmed energy savings of up to 50 per cent compared to current commercial production methods.
    ASM is successfully progressing the pilot plant testwork on low emission, high purity metal technology to produce zirconium, titanium and rare earths for permanent magnet metals. The production of metals indicates significant cost benefits to ASM’s integrated business strategy and is key in the development of the Dubbo Project to supply critical materials.
     
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  5. Dona Ferentes

    Dona Ferentes

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    ASX has indicated that all requirements for listing have been met and that ASM’s first day of trading is confirmed to be Thursday, 30 July 2020. at 12 o'clock

    Lining up - looking at $1.20 ?? !! ??
     
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  6. basilio

    basilio

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    Don't think you got your $1.20 Dona.:(

    Clearly you have been far too effective at highlghting the prospective value of ASM. :D
    Well done.:xyxthumbs
    -----
    Opened $1.25- Currently $1.54
     
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  7. Dona Ferentes

    Dona Ferentes

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    Will wait for it to settle down,
     
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  8. Miner

    Miner

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    Securities description Ordinary Fully Paid
    Day Year Ratios
    Open 1.250 Previous close - P/E -
    Day high 1.550 52 week high 1.550 EPS -
    Day low 1.230 52 week low - Annual dividend yield
    Strangely I have to believe now that ASM came as free to me being ALK holder.
    [​IMG] -
    Daily volume 5,756,952 Average volume -
    Bid 1.395
    Offer 1.440
     
  9. pb112

    pb112

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    Yes Miner, a great bonus for all holders of ALK, and the opening price far exceeded what most holders thought it would be. I'm now looking to hold for the long term now as REE is going to be in demand since China has cut exports to the USA thanks to Trumps actions over the Covid19 pandemic
     
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  10. Miner

    Miner

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    Good luck @pb112 !
    Historically mostly the off spring stocks following demerger have done better their parents.
     
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  11. frugal.rock

    frugal.rock

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    Doh, I bought some Alkane mid last week... missed both boats have I ?
     
  12. Dona Ferentes

    Dona Ferentes

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    this one is coming back to the quay:

    ASM since floating (1 minute)
    upload_2020-8-1_16-5-19.png
     
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  13. Garpal Gumnut

    Garpal Gumnut

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    And back to the quay, very quickly.

    I was going to throw a bun at this baby elephant out of ALK but I never try to catch knives.

    On my watchlist and will check the Nd market in Beijing before unbending my trunk down the track.

    Price presently $1.00

    gg
     
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  14. Miner

    Miner

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    looks like yesterday's Hero is today's zero :)
     
  15. Dona Ferentes

    Dona Ferentes

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    trying to find a level? (sub $1?)

    (1 min chart)
    upload_2020-8-3_16-27-13.png
     
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  16. rederob

    rederob

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    ASM will need to raise $1.3B to get their ducks lined up.
    Current Dubbo Project IRR is about 18% but quite few unknowns.
    Lots more will be known by end of year, but right now it's a dart board with the bullseye still hidden.
     
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