I just gave you an explanation that is definitely viable.... AJM looks to be cash flow positive/break even at rock bottom spod prices.
Look at the LOM. Takeover's close to the 400m mark and JV deals that pay the debt off/close to it are definitely viable options = debt gone or shareholder's end up with a producing stock with almost no debt(you;d do a CR to pay the rest off as it would speed of dividends majorly and the fund would benefit from investing as would the stock price) and let;s not forget the endless amounts of potential for spod prices to increase.
I think it's VERY possible AJM will get a price increase for there ore within the next 6 months... If this occur;s which i believe is likely, the business model improves substantially... 100$ per ton increase x 200k = 20 million, most of which will be profit.. As of right now AJM is practically a break even mine, so any increases in spod price = money in the bank for AJM.
Like I said before, several options here.
My opinion. DYOR!!
Ann: Altura Completes October Shipments of Lithium Concentrate, page-118
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.621K | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 121 | 181496973 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 20055545 | 43 |
| Last trade - 15.53pm 04/07/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |
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