Yeah, I know, but it's the principle that counts. They don't have to buy shares on market & they don't have to participate in any CR. They could just sit back & collect a wage. Let everyone else fund their lifestyle. Why waste their own cash?
Look, I didn't own AJM, but at the time when I was looking to buy my first lithium shares around 10 years ago it was on my radar. I followed it for a while, but I decided to buy other stocks instead. Over the years I watched it rise as my other stock floundered & I did regret not buying in. Then she when under, so I thought this might be AJM 2.0 but with a different ending this time. Who knows, maybe not, I don't know.
I don't share the same anger as other LT holders would. But due to dilution & the consolidation 99% of my investment here has vaporised. All I can hope for is a successful outcome for 1MC, so I've got the option to average down & have the ability to get my money back & then some.
Fish Lake in the US seems promising & I think it would be an excellent part of the world to invest in, given all the geopolitical upheaval at the moment. China & the US are fighting over rare earth minerals & I'm sure the US would want to secure at much lithium as possible.
1MC has the option to acquire 100% of the project.
MORELLA CORPORATION LIMITED (ASX:1MC) - Ann: Half Yearly Report and Accounts, 78203907, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
Below is some info around Silver Peak.
Silver Peak, NV, USA | Albemarle
But I'll say one last thing, I'm willing to bet they've bought more shares on market than the vast majority of people who will read this thread.
I think that counts for something.
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