Well I was very happy to pay 16 cents for a few more today..Nearly 30 million cash which leaves the value of the other three main assets at just over 40 million....
40 million gives you a drilling operation in Indo which is cash flow positive, a Thermal coal resource which will generate cash flow from early/mid 2012 if all goes to plan, 30 % steak in Mt Webber(high grade, low cost ore production by AGO,to start being mined end of 2012, beginning 2013, cash to get through tough enonomic markets and ability to get great deals with the cash available..Oh and don't forget the Lithium asset :-0) Cash should be flowing strong by early 2013
I like my chances,,,been a long wait but not about to sell anytime soon...loading up...lets hope patience is well rewarded,,I am happy to be holding AJM especially in this tricky/bearish market, no cap raising required, no debt,,,,great start
dyor
AJM Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
