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An unholy Trinity: USD 125m < 10 mths to resolve....., page-531

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seberhardt

273 Posts.

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01/11/20

08:47

Post #: 48558742
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Originally posted by curiouser27: ↑

lol....

your whole reply is based on the assumption that PLS will be successful in its raid. Which is understandable, since you are a holder there. As I previously mentioned, PLS failed mine make that highly unlikely.

All this raid did is Expose: not only opening up AJM for others to possibly be able to bid in, but also opened up its own death throes to the world.

And now, one of its biggest stakeholders is about to be a bigger stakeholder in the competition. And has not been really taking the full allotment of its shipments as per their agreement, as far as I understand it.

Ganfeng's significant plunge into AJM indicated not only confidence in the product and management, but also signaled S2. Well, where else was it going to get it's investment's worth in AJM's current output.

As per Ganfeng's timing, it is not inconceivable to think that it has been trying to save its own money it sunk into PLS. To me, one of the clearest indicators is the hiring of the original plant designer. And yet, still no increase in shipments.

Same goes for Posco and CATL. Oh yeah, CATL also now using AJM spod rather than PLS. That's 2 down.

And PLS failure to name a date for full production does support the hypothesis of the failed mine. Which I've been trying to point out in their threads, of course just to be shouted down.

So yes, whether AJM is revived successfully or not, I believe it will still be in Oz hands. Just not PLS

Expand

I think you are getting slightly off track:

Ganfeng bought AJM's product at prices below cost. Yes the AJM spod is good.

But Ganfeng took the the plunge with PLS. They hold 150m shares. In Altura they just prepaid product and made offtake agreements, whose floor prices they did not respect.

All IMO of course.

AJM Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
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