Muppet, agree with that, I think directors comfort zone is in China, none of the shipping has gone outside of China that I'm aware of. But I would love to hear new offtake buyers from Japan/Korea are in the works.
Personally I am not so fearful that AJM won't be able to service debt, the mine is complete with no further works planned so am assuming nameplate or close ann in coming quarterly. Hence production costs should be stable.
And with our high quality spod, finding buyers even if current offtake partners collapsed or failed to meet agreements I don't see that being end of world stuff. Other parties will come knocking.
So while the SP tanks and our paper losses ramp up so too does the stockpile of Spod. This bottleneck hickup will not last and am feeling hopeful for next quarter and beyond.
Some talk about Chapter 11, I think not and I better be right. I am going to let this sit for now and try very hard not to look often
AJM Price at posting:
9.6¢ Sentiment: Hold Disclosure: Held
