This is good news. I reckon AJM are overwhelmed with so much investor interest here (hence the extension).
They seem to have solved all the market problems so far (that I can recall):
1. Offtake partner in trouble - Gangfeng come to the table - SP up 38% in 1 day
2. Not enough cash for the quarter - Cap raise to kill off that - Where would the SP go? Down to 13c or higher? I dont want to be optimistic but not always the SP goes down to the issue price you know.
If there is a oversubscription for issued shares here it just proves that there is substantial support for lithium producers which are bringing the product to the market and trying to meet the demand side. Why kill a company trying to meet the demand for the EV revolution?
AJM Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
