My reasons for not jumping into LTR, are that they are way over valued. In my opinion only. AJM is a producer, LTR is not. The share price of the producer is .10 cents, the non producer is 11 cents. Shares outstanding, LTR 1.14 billion. Shares outstanding AJM 1.83 billion. Then you take into calculation that LTR are a long way behind AJM, so a few capital raisings needed, (extra shares issued).
If i held LTR, i would have jumped out at 12 cents, I am watcher. I would make an offer at 6 cents.
Again all in my own opinion.
AJM only need to organize their debt, which i feel has already been done, only waiting for the contracts to expire. "My feeling" is the way AJM is throwing millions of dollars round grabbing their "friends" fifty one percent of tenements These tenements will probably sit with no action taken for ages (years).
AJM have only scratched the surface of their own tenements. So why throw cash around if you are tight in your own financials ?
ALL IS GOOD WITH AJM !
AJM Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
