ALK/ASM Demerger seems to have worked

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    Greetings to all and especially to any other holders. It is less than a week but it seems the ALK demerger and spin off of Australian Strategic Materials (ASM) added value. I kept my ALK shares which are trading around the price they were when ASM was spun off (around $1.20)...and I got one 'free' ASM for every five ALK ....ASM were great on day one, trading as high as $1.50...they now hover in the low 90 cents....I am tempted to sell them but Ian Gandel has been buying on market with a stake now around 25%...that man's no fool so perhaps I should bottom-shelf them and wait for the IP and Rare Earths minerals to materialise as prophesied. Having ridden stocks from highs to bankruptcy before it is difficult to hold one;s nerve, but who knows. I guess we all suffer from greed.

    Best to all

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    Glad I didn't sell any ASM....$2.30 today....are there any other holders out there? I have NFI why the price is going up so fast...I mean, I have faith in the mineral to finished product strategy and believe the partnerships with South Korean industry and government are all great...there should be some offtakes in the wind....and the IP is a wonderful added prospective revenue stream....but all I can think of to explain the price action NOW is a deal in the wings to get DZP financed. Any thoughts greatly appreciated.

    Best to all

    Rockhopper

  3. 533
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    ASM continues to surprise to the upside (2.85 today)...although a lot less of a surprise now they have published some metallurgical proofs.

    ALK aint too shabby either ($1.45 and counting)...if the upcoming BODA results are good, I suspect the price will rise a bit more. Since breaking into the ASX 300 volume has increased considerably (presumably instos)...

    Combined the MC of these two companies is now close to Billion $1.2...it was about 60% of that pre demerger.

    Thus, although its early days it looks like the success is more than a passing phase.

    Best to all holders (I'm guessing I may be talking to myself)...so to everyone else too!

    Rockhopper

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    and now $3.30 today!?!?

    1 like
  5. 533
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    $3.61 close today!?!?

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    Yesterday's $4.02 close made sense on the back of the announcement re successful manufacture of high purity Zirconium powder and return to South Korea to continue offtake and prospective metals partners....and today the trend continues...$4.20 last time I looked. Makes me wish I'd bought when they fell to 80 cents on their second say of trading, except that I had NFI what they were worth then...tbh I have NFI now, but I am happy with what's happening.

    Big shout out to any other holders out there....and to all others too!

    Regards,

    Rockhopper

  7. 211
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    1st pumping today after investor update. 1st is valued at $89 million but current market cap is $13 million. 1st is going to blow upwards today.
    https://www.1stgrp.com/#investor-pres

  8. 533
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    Quite a ride yesterday...as high as $4.22....as low as $3.68....finishing at $3.72. Profit-taking no doubt. We shall see what next week brings.

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