Expected this drop after positive friday. There will always be some tree shaking hence we need to hold tight and not worry about daily sp movements. The announcement is solid and thats what we needed. Stable n strong partner like Ganfeng is going be great look forward. Long term holders dont need to worry as we will b producing name plate in next few weeks and we have our partners to take our product. Management has pulled this out of no where and no one was expecting partners with Ganfeng although management said last couple of times that there is strong interest from north east asia and here we have it. I have noticed that last few announcements the mgt has been hinting us about the future prospects. All we need to do is have patience n wait. Reckon next 3 big announcements would be positive drilling results,hitting name plate capacity and 2stage FID. AJM wouldnt be talking with partners about stage 2 unless they were sure. Here is another clue...
I think that strong first quarter and the SP will be around 40c n over by then ..
Good luck all and DYOR
All IMO
Arjay
AJM Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
