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.
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