AJM announcement tomorrow is likely to be positive- they negotiated an extension last year when arguably thinks lithium sentiment was allot worse. Sentiment ya a changed- what we are waiting now is for that sentiment to translate to actual increased shipping volumes and greater positive cash flow. The timing of the announcement strikes me as more of a strategic move, before release of financial statements next month and any going concerns issues will need to be addressed before hand ! Just thinking from an audit disclosure perspective- they also have €50m standby facility in place.
Good News & Bad News, page-6617
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