Well, never say never and this is what i can see in AJM story so far.
I never thought it would went into insolvency, & never thought it could return after all drama, still awaiting to be re-listed. To me this company just 1 step away from hell, my friend who works in top 4 accounting firm told me once the company called into administration, it is RIP, he was very shock too!
Anyway, more attracting to me is what's the Li reserve in Fish Lake Valley project and it's NPV etc. Without Li mine and supply, demand will never come, supply and demand are chained.
There are a numerous of exploraer still explorating the Li mine for years, but still yet into development or production stage. DFS, if the player is smart enough & commodity is on hot spot, they normally are funded by offtake clients as equity and borrow the rest from the bank, not necessary all have to be funded by company.
Would like to see the next episode...hopefully i am not too optimistic (DYODD)
Good luck all
AJM Price at posting:
7.0¢ Sentiment: None Disclosure: Held
