2. Are breaches of debt covenants going to be reported by AJM voluntarily or be forced to be reported by ASX 3 months later as in January 2019?3. Why did AJM not do a dilutionary capital raise like PLS (~20%+ dilution) to provide it with cash to make debt repayments? Or have we missed the opportunity here?
4. Does AJM has the cash to make the next interest payment or are we going to capitalise interest yet again and end up like Tiger Resources with the debt holders ultimately owning the company?
5. If AJM can not repay/refinance our growing USD 125 million debt in 10 months will Pala (who traditionally wind companies up to recover funds) send in administrators to recover the debt like Tribecca / GXY did with A40?The soon to be released September Quarterly report will allow us all to see the truth. In my opinion I think it is going to be ugly. Very ugly. It could be what drives us back to 5.8 cents or lower......
Stupidquestion maybe, but why don’t you just sell and move on. Very educated and time consuming analysis but the last part doesn’t really make sense. Why wait till 5.8c to sell at a loss??
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- An unholy Trinity: USD 125m < 10 mths to resolve.....
An unholy Trinity: USD 125m < 10 mths to resolve....., page-4
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.364M |
Open | High | Low | Value | Volume |
3.0¢ | 3.0¢ | 3.0¢ | $2.502K | 83.41K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 37537 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 364484 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 37537 | 0.030 |
3 | 469644 | 0.029 |
2 | 85700 | 0.028 |
1 | 61938 | 0.027 |
1 | 37074 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 364484 | 5 |
0.032 | 92168 | 2 |
0.033 | 378549 | 3 |
0.035 | 200000 | 1 |
0.040 | 40000 | 1 |
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