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AJM Speculation, page-267

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curiouser27

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06/11/18

15:56

Post #: 36406373
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Originally posted by buyhi ↑

that's what they said but they haven't met any of the staged milestones to date so why would they start now? I get it that most new mines will have teething issues and will struggle to be cash flow positive in the first 6 months after commissioning but the issue AJM have is they are also over budget by circa $40M with only $10M in the bank. Not the first project to be over budget and behind schedule I grant you but they are not backed by a multi billion dollar larger group and they only have one income stream.

PLS were so smart with the DSO that has papered over a lot of cracks in there commissioning and sales. Plus they were only a month behind schedule and being over budget doesn't matter because it's covered by the DSO profits.

Anyway back to AJM the market is now saying we don't believe you will hit nameplate before christmas like you are saying and we don't think you will have enough cash to keep going without a CR or more debt. To be honest the market has been telling is for a while that all was not well but I wasn't listening I had my AJM coloured glasses on. Well my eyes are wide open now after the quarterly cash flow and I'm not risking hanging around to find out what happens this quarter.

all IMO and each to their own on their personal risk profiles.

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all IMO and each to their own on their personal risk profiles.

agree...

anyhow, thanks for feeding the machine that has been keeping down the price, and good luck on your own future venture.

AJM Price at posting: 18.3¢ Sentiment: Buy Disclosure: Held
4 Upvote

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AJM Speculation, page-267

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Utah authorities sign off on Anson's lithium extraction plans at Green River

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Vulcan appoints investment bank and M&A veteran to board

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

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AJM Speculation, page-267

Top Stories

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Utah authorities sign off on Anson's lithium extraction plans at Green River

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Vulcan appoints investment bank and M&A veteran to board

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News