If Nemaska can get the crazy finance they got, then AJM can should be fine. They are in much worse shape than AJM.
Looking at the numbers, if AJM hit guidance this quarter, they are potentially green with the raise being a capital buffer.
Still room to reduce costs and also refinance.
Directors putting up millions doesn't reek of a company expecting to sink. Just think of other lithium companies where a director(s) sold out and then make a comparison to AJM's situation which is completely the opposite. Add in ShanShan dropping millions. I suspect AJM either have some big announcement coming (to get SP prices up so that the raise is worth while) or they have someone ready in the wings to buy the shares like they've done in the past.
Big negative campaign to downramp AJM into A40s end game.
AJM Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
