Ann: Altura Completes October Shipments of Lithium Concentrate, page-118

I just gave you an explanation that is definitely viable.... AJM looks to be cash flow positive/break even at rock bottom spod prices.

Look at the LOM. Takeover's close to the 400m mark and JV deals that pay the debt off/close to it are definitely viable options = debt gone or shareholder's end up with a producing stock with almost no debt(you;d do a CR to pay the rest off as it would speed of dividends majorly and the fund would benefit from investing as would the stock price) and let;s not forget the endless amounts of potential for spod prices to increase.

I think it's VERY possible AJM will get a price increase for there ore within the next 6 months... If this occur;s which i believe is likely, the business model improves substantially... 100$ per ton increase x 200k = 20 million, most of which will be profit.. As of right now AJM is practically a break even mine, so any increases in spod price = money in the bank for AJM.

Like I said before, several options here.

My opinion. DYOR!!