Well aware they have 4 offtakers.
But they dont disclose who they sold to and how much in each qtr (they dont have to - no one does) which has led to my speculation.
The irony is as an ex holder this anomaly made me look at AJM again with the view to re-entering. If the floor price can be enforced (curiously last qtr no mention of avg selling price but have previously) and run at name plate then should be able to wash its face in 2020 and benefit greatly from increasing demand/price in 2021. i.e. this could be a good trough point to enter.
But as with any investment - you need to do your homework as best you can and this is one of the item i'm curious about.
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