Ann: Mallina strike increases plus new mineralised spodumene, page-91

First 91 Last

Share
Profile

Follow
Yowie21

4,800 Posts.

770

19/07/23

07:32

Post #: 68855613
Share

Originally posted by Gordongecko16: ↑

The deal the noteholders were offered was a terrible deal which included writing off a good portion of debt in lieu of gaining a load more worthless shares in AJM, why would they want those when they knew AJM couldnt pay their debts and were heading into trouble?
Also the board had already invited every man and his dog in both the finance and lithium worlds into their data room trying to sell the project or refinanace. Thats why a deal could be done so quickly. Everyone already had the numbers.
Also Galaxy were never going to be investors in the AJM debt bailout but were contemplating a bid to buy the project from the note holders after it went into administration.
Finally AJM was not low cost production, go through the quarterly and see the how low the lithia recovery and plant efficiencies were, hence PLS having to spend $50m to bring it up to speed
But as usual rupey, never let the truth get in the way of a good story

Expand

And anyone can go back and confirm this is all accurate, im surprised it hasnt been moderated yet.

Time for the pumpers to start using their second and third accounts and retire the names they currently go by. Posting history doesn't lie.

1MC Price at posting: 0.8¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

Oz will likely unveil commodity price supports, but don't expect Trumpian flare

Thursday's HotCopper trends: $266M LTR placement, Trigg expansion | Aug 7

MQR

'We're extremely encouraged': Marquee expands footprint at Mt Clement

LTR

Liontown locks in $266M placement to help cashflow, Kathleen Valley ramp-up

ASX Market Close: Health Care stocks lead index lower | August 7, 2025

First 91 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 1.5¢		Change -0.001(6.25%)		Mkt cap ! $5.526M

Open	High	Low	Value	Volume
1.5¢	1.5¢	1.5¢	$10	679

Buyers (Bids)

No.	Vol.	Price($)
10	581413	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.6¢	1267869	5

View Market Depth

No.	Vol.	Price($)
10	581413	0.015
11	1541928	0.014
2	271499	0.013
1	80000	0.012
1	180000	0.011

Price($)	Vol.	No.
0.016	1267869	5
0.017	176529	2
0.019	67376	1
0.020	73552	3
0.025	37312	1

Last trade - 09.59am 07/08/2025 (20 minute delay)

1MC (ASX) Chart

Ann: Mallina strike increases plus new mineralised spodumene, page-91

Oz will likely unveil commodity price supports, but don't expect Trumpian flare

Thursday's HotCopper trends: $266M LTR placement, Trigg expansion | Aug 7

'We're extremely encouraged': Marquee expands footprint at Mt Clement

Liontown locks in $266M placement to help cashflow, Kathleen Valley ramp-up

ASX Market Close: Health Care stocks lead index lower | August 7, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Mallina strike increases plus new mineralised spodumene, page-91

Top Stories

Oz will likely unveil commodity price supports, but don't expect Trumpian flare

Thursday's HotCopper trends: $266M LTR placement, Trigg expansion | Aug 7

'We're extremely encouraged': Marquee expands footprint at Mt Clement

Liontown locks in $266M placement to help cashflow, Kathleen Valley ramp-up

ASX Market Close: Health Care stocks lead index lower | August 7, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News