For those who really want to save this company, they should stop acting like a victim because that is what they want you to do so that you could give up and make their job easier to take over the company and get it liquidated. Stop saying condolences to each other or let us move on or lessen learnt. These kind of mind set or language won't help you at all.
Go and have a look at PSL forum and see how their shareholders saved their company from VA and delisting after 2 years fighting.
Now let us see what we can do for AJM to survive. We all know the company is making money but not enough to pay off its $200M debt. Therefore if $200M debt gets paid, AJM can survive by producing and selling its lithium and still could make a small profit. I believe if all shareholders collectively raise $200M, then AJM will be debt free. AJM's SOI is 3B, therefore if $200M debt gets divided by 3B shares, the debt per share would be $0.06. If every shareholders dip in $0.067 for every share they hold, then the debt can be paid off. Of course It requires financial commitment from every shareholders based on size of their holdings.
- Forums
- ASX - By Stock
- Ann: Appointment of Voluntary Administrators
For those who really want to save this company, they should stop...
-
-
- There are more pages in this discussion • 216 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 1MC (ASX) to my watchlist
|
|||||
Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.935M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.3¢ | $47 | 1.429K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 206526 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 123310 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 206526 | 0.033 |
3 | 96607 | 0.032 |
4 | 102290 | 0.031 |
3 | 50666 | 0.030 |
1 | 19200 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 123310 | 2 |
0.036 | 335239 | 4 |
0.037 | 70464 | 2 |
0.038 | 75000 | 1 |
0.039 | 70000 | 1 |
Last trade - 10.35am 03/09/2024 (20 minute delay) ? |
Featured News
1MC (ASX) Chart |