I liked your post, I even threw a lightbulb at you.
Your angle was appreciated also. I had to run to the kitchen for some alfoil to fashion a hat as I read it, and without you taking this transmission as being critical it was great that someone took the time to say "hey, is this possibly the reason?"
One other thing that has been on my mind is that of, as you said, why other companies have not done the same thing?
It does open a can of worms donit?
Let me take this sandwich board off... Don't be alarmed by the arrows embedded on the back side of it, none of them hit my person. I paid a visit to AJM last night and again this morning. I am lucky to be alive!
Ok, so... Thinking about your perspective of why other companies haven't done it.. well from Pilbara perspective, had they done the same thing whilst trying to pump up their tyres with their POSCO converter (with debt attached) announcement it might not have worked out well when they were headed to a capital raising.
How funny is that dude?! Going into a trading halt and blaming street talk?
AJM wise, they are with snorkel well under water now. I did my sums after seeing today's announcement with a few good folk that venture these forums and I asked...
How can the ASX can allow AJM to continue to trade (other than it is nice that it gives an opportunity for holders to get out.)
This was a suggested reason:
"Because it's still plausible that the company could raise capital and/or refinance in the remaining time"
Perhaps your point has weight when considering A40, but when considering the bigger picture I do wonder why these other companies are not doing the same thing.- You have a valid point sir!
I've been keeping my eye on the port shipping, (various ports) as you suggested, and not in so much depth as @Bux436 with Galaxy.
Thing I have noticed is that Ganfeng has been having regular shipments from Esperance which they need to take 100% from the Mt Marion partnership.
I understand that their spodumene inventory is more of a lifetime stockpile.
What happens if Ganfeng offer somewhere in the mid 4's to AJM and PLS, or decide they simply cannot take anymore.
