You're not understanding how Chinese businesses work. Basically a lot of big fish swallowing smaller fish. JRO will be swallowed up by the likes of a Gangfeng, they are just waiting for the right timing.
For now JRO will buy high grade Lithium and on-sell it. The only issue will be if they cant get credit notes prior to shipping. In which case we get a better offtake agreement.
The AJM TO wont come from JRO but from which ever bigger fish buys them out. I'd love to see PLS get it, but I dont think that will happen. (Although it's at bargain price at moment)
IMHO.
AJM Chart, page-4608
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.621K | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 121 | 181496973 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 20055545 | 43 |
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