It ain't easy .... AJM bites the dust.
What should an investor learn from this? Cut from HotCopper
Yikes!!! .... guess you can't depend on some companies (wont say it)
Leaving off the Poster nic's intentionally. It's an interesting thread to read through. Reinforces the difficulty of the present over supply and demand contraction (the bust?) before the recovery begins and the market becomes under-supplied. Balance sheet strength MATTERS!!!! Raise when your stock price is high to strengthen the company's financial capacity to deliver on future objectives
It can happen to any business ... single biggest reason why at this stage it can not happen to PLL is there in NO DEBT Holder that can demand repayment ... I say again, a strong balance sheet helps.
Be careful out there!!!
US Share Offering, page-45
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Last
12.8¢ |
Change
0.013(10.9%) |
Mkt cap ! $52.16M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 13.0¢ | 12.0¢ | $172.0K | 1.384M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 190347 | 8 |
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| Last trade - 15.50pm 30/08/2024 (20 minute delay) ? |
| PLL (ASX) Chart |