I have held AJM stock for a few years now, seen similar pull backs a few times now!! - difficult to stomach when much of my mortgage redraw facility had been invested!! (Note: thanks AJM no longer any mortgage!).
However, I still hold many shares and STILL remain a firm believer in our (Lithium) story, the fundamentals are too strong and progress to date too good for this pull back to last long IMO. I would not have literally bet our house on it otherwise.
I subscribe to the Australian Stock Report, who recommended AJM earlier this month in its investment report, below is a note from the head of their equity research today;
"I note that Altura Mining (AJM) has also pulled back on the recent sell down and is currently trading at $0.36. I still like the stock for the long term, and believe that it has the hallmarks to become a successful lithium producer in 2018. The company also boasts offtake agreements with one of the largest battery manufacturers in China. I continue to recommend the stock as a high-risk buy for members looking to gain exposure in the lithium space, and see this recent price drop as a buying opportunity".
Nothing we don't know of course, 'Hold the line' folks.........I am.
AJM Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
