ASM 5.02% $12.50 australian strategic materials limited

ASM Chart Thread, page-3466

  1. 1,669 Posts.
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    You are right. They have tightened up on some exports. Fertilizer where China export 65% of the world market has been cut back by China which triggered a 44% increase in one of my fert holdings at Wonarah on Friday at 3.50 p.m. There is also talk of some of that type of product being used in battery development may also have had a bearing on late Friday's price hike that attracted an ASX query.
    I will be absolutely glued to the screen at 9.59 a.m. tomorrow to see what happens in light of the Morrocco (world no 2 market) price hike with fertilizers.
    This has huge implications for Aussie ag. The crops around here are absolute bumpers this year but if inputs go thru the roof for next season it will be one more pressure on rising food prices again one would think.
    All of last week we were doing sums on a property going to auction right next door to IPT's Apsley holding, but when you do the sums on rate of return for livestock and cropping, it is not really worthwhile as accelerated land price increases are making agriculture far more risky investments? The offshoot of course is massive price hikes in bread, meat etc if the costs get passed on. Which also beggars the question of profitability in Toongi agriculture which is turn is extremely well managed by ASM increasing in land value and product profits?
    The next 12 months I think will be one of the most interesting ASX, gold, Rare Earth, and a financial year's progress to watch for a very long time?
    Then you have the two "spanners" at work too - Bitcoin and Covid????

    Verrrry interesting times coming.........
 
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Last
$12.50
Change
-0.660(5.02%)
Mkt cap ! $1.743B
Open High Low Value Volume
$13.20 $13.21 $12.34 $8.121M 636.9K

Buyers (Bids)

No. Vol. Price($)
1 1000 $12.47
 

Sellers (Offers)

Price($) Vol. No.
$12.50 958 1
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Last trade - 16.10pm 26/11/2021 (20 minute delay) ?
(live)
Last
$12.49
  Change
-0.660 ( 5.62 %)
Open High Low Volume
$12.90 $13.18 $12.34 136855
Last updated 15.59pm 26/11/2021 (live) ?
ASM (ASX) Chart
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