Morning, I agree with a lot of what
You have proposed
time will tell however where the cash costs per ton are in the upcoming report. Gxy average cash costs per ton last qtr which you have used is significantly lower than where ajm was in dec-
the need for capital immediately following the qtrly release was because as margins were not enough to to cover forecast outflows, in fact they were negative in reality, headline price down and cash costs were higher
With Capital raised now that covered interest and a lot more capital being injected with big support for spp the next report will show if the margins have improved sufficiently to generate enough cash to cover future costs of interest and operations—— its a big report imo for ajm
A40 has claimed resently in a video that
It’s cash costs to produce are now closer to600/usd/ton ( dec average was824)but no detail really as to if that’s in the last Month or the average for a qtr- so in theory big falls in cash costs can be achieved- and hopefully Margins are then positive or expanding -
I’m Looking forward to next reports of some
Of these companies which have debt to service as the reports will better clarify if the underlying business is generating enough to service interest and eventually pay down principal during a time which all hardrock lithium miners according to analysts are seeing reduced prices or if they will need more Capital in some Form
Going to be some
Interesting reading
Good Luck
AJM Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held
