"Lack of confidence". You can say that again, management don't seem to have a worry in the world. But the Hot Copper share holder's are virtually laying eggs with worry.
You are a very clever person Rupfel, no doubting that. So let me ask you a question, probably a stupid one never the less.
WHY is AJM having a capital raising ??????????????????? Their product is pulling in millions of dollars. (Management is free spending as there is no tomorrow.... SYA, one and a half million dollars, which probably won't mine for years).
You would think (expect), with those millions coming in, would cover all the costs of fees, wages, maintenance and interest charges. But now they are cap in hand again.
Yes, a capital raising for stage two, provided the lithium price doesn't fall any further. They brushed over the financial part of the quarterly as if nothing (no worries here !).
The share price has come the full circle, back to early October 2015.
AJM Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held
