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3.3¢ morella corporation limited

Ann: PLS: Conditional Agreement to Acq. Altura Lithium Operations, page-242

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cartsy16

337 Posts.

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29/10/20

17:17

Post #: 48500159
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Originally posted by Cosmoterios ↑

Correct. I agree with this analysis.

When you are paying 14 to 15% interest rates, you are really paying junk rates.

And when the Big Players decided to flood the market, the prudent and logical thing to do, was to merge with PLS (nearest neighbour) to benefit from the synergies and cut down on costs.

And yes, the merger would NOT have been of equals, but it was better to save what was left, than face extinction - especially after what was happening to A40.

For whatever reasons, AJM continued on its own path.

Now, it faces the abyss.

To survive and see through this: it will need to raise $250M to see off creditors, and probably another $50M to $100M for future operating costs, for the next 12 to 18 months.

IMHO, the total raising will need to be $300M to $350M.

Otherwise, this will be repeated in 6 months time.

Expand

So does anyone know where we're at? Will it end up in court, are AJM fighting this to the death? Or do they stand no chance and have thrown in the towel?

AJM Price at posting: 7.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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