An unholy Trinity: USD 125m < 10 mths to resolve....., page-277

Hello@Guido21

You bring up many good points. I totally agree we should be looking to reduce costs. From what I have seen AJM has breached debt covenants since they began operating so I totally agree about your monkey comment. Harsh, but fair considering how we all feel.

Now is the time to get an A team on a reasonable compensation. I agree with you that paying 1 million in compensation to 1 person as shown in last annual report when the company at the last quarterly only had 1,098,000 appears excessive.

Yes you are also correct if we are not careful we will only have peanuts to pay staff.

What are AJM's pressing concerns in my opinion:

• 8 Months before debt is due
• September 2019 debt covenant breach which AJM has not updated the market on
• A capital raise that is higher than the current share price seeking AUD 21.5 million

The company proposing to shareholders that they have the right to further dilute holders another 10% if shareholders agree !

Time to be conservative and cut costs. Now is not the time to be doing gold exploration, lithium exploration nor investing in lithium processing in China. Now is the time to focus on costs, margin and paying down debt.

Glad we are in agreement, look forward to meeting at the AGM.

Pink.