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16:33
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Originally posted by Palchum
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Yes the debt matures then but this was to get the project started and intention was always to refinance at nameplate. Given September production number of close to 17,000t they are almost at nameplate so I think the company has done very well and I'm not sure what else you want them to do? As mentioned, they obviously are looking at refinancing and now they are almost at nameplate then the odds increase. Its just a shame in regards to the spod price but the quality definitely seems to be there as stated numerous times so in the box seat for when the tide turns.
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You are right about AJM quality as why would Gangfeng continue to buy from AJM and not PLS whom they have invested 50 million in, from memory, its quality not quantity which is important now.
