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Plenty of breathing room with AUD$146M I would have thought.

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futurenow

4,199 Posts.

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28/07/17

11:05

Post #: 26136273
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Originally posted by binwood ↑

In my opinion the terms aren't great but that's what happens when you try to raise huge amounts of debt in a undeveloped market place (lithium).

Next year should see at least somewhere between 80-100kt of spod sold at USD$500 margins in my opinion. More than enough to cover interest payments and then we build from there.

While not exactly flashy terms it's sure as hell better than issuing AUD$146m of shares at like 13c for another $1bn shares on issue!

$146m is also basically the entire capex estimate for the AJM plant so I am pretty sure we have left ourselves some breathing room. Game plan now is get to market quickly and start bringing in the dollars.

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Plenty of breathing room with AUD$146M I would have thought.

AJM Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.0¢		Change -0.001(3.23%)		Mkt cap ! $8.123M

Open	High	Low	Value	Volume
2.8¢	3.1¢	2.8¢	$1.312K	44.77K

Buyers (Bids)

No.	Vol.	Price($)
3	47762	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	10583	1

View Market Depth

No.	Vol.	Price($)
3	47762	0.029
4	442579	0.028
1	61938	0.027
1	100000	0.026
5	280423	0.025

Price($)	Vol.	No.
0.030	10583	1
0.031	295524	4
0.032	92168	2
0.033	378549	3
0.034	270000	1

Last trade - 15.41pm 04/10/2024 (20 minute delay)

1MC (ASX) Chart

Plenty of breathing room with AUD$146M I would have thought.

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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Plenty of breathing room with AUD$146M I would have thought.

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News