AJM headed for 70 cents per share, page-2

My target is higher than 70 cents.

The 18.000t per month (FY 220.000) is the name plate capacity for Stage 1. No news there.

The current topics are:

1. Cash. Little cash in the bank at the end of quarter. Is ramp up fast enough to generate positive cash flow? I think so. (I made a post with calculations some days ago 34558366)

2. Product spec. Is the product good enough. The Linked-In "ann" and the subsequent real ASX anns indicate that there is no problem with that.

3. Product pricing. We hear all kind of prices from other producers (>850USD /t ) and recently some supposed softening in Li-Carbonate prices. It would be nice to finally get an actual achieved sale price for our product. I assume around USD 900 per ton.

4. Production ramp up. BOD have communicated 6 months for ramp up. Only time will tell.

5. JRO. Is short term JRO is no news. Lionergy will take at least the first 100k tons. So sales should be good until 02 2019 just with Lionergy.

6. Postponed investment decision for Stage 2. I am not quite sure of the reasons there. I have 2 theories:
a) It is tough to get financing and with a ramped up Stage 1 terms would be much better in some months or
b) BOD expects JRO to fail and before setting up stage 2 needs to find a customer for the other half of Stage 1.


In conclusion: I topped up 100k shares on Friday....