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AJM Reporting is Misleading, page-16

  1. PinkBunnyRabbit
    92 Posts.
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    17/10/19
    11:33
    Post #: 40927807
    Hello All,

    Updated Numbers below apologies: Nothing stated in the first post commentary is incorrect !!!

    How can AJM continue to mislead us shareholders.

    Receipts from Customers (AUD): 17,689
    Tonnes reported sold in quarter: 25,601 tonnes

    Divide the two above to get average price received (AUD): 690 / tonne
    Conversion to USD: 462 / tonne

    Company stated sale price USD per tonne: 599 / tonne

    Difference between cashflow statement and commentary:228 / tonne

    AJM has $1,098,000 left in the bank at the end of September - EMERGENCY LOAN is being used to keep us from going into administration.

    ARE WE BEING PAID FOR OUR SHIPMENTS WHY DO WE NEED AN EMERGENCY LOAN !!!

    Why the hell would we subscribe to a capital raise at 6c - current trading price is 5.9c - let us face facts this money is not going to come in fast enough with only AUD 1,098,000 left in the bank 3 weeks ago.

    Very Concerned,
    Pink.
    Last edited by PinkBunnyRabbit: 17/10/19
    AJM Price at posting: 6.0¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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