I have been waiting for the swoop it looks like some people were wrong again re Li floorprice mor being held, trading insolvent etc etc.
Instead we see that AJM were in positive discussions with the noteholders right up to the last minute, or they thought they were, when suddenly PLS walks in the door with Aus Super, ROL, BNP Paribas and Maquarie bank advising with an offer to big to refuse.
We also see that AJM were shipping to capacity and had gained a new customer and that they were very happy with the premium product.
The last shipment was destined for LG Energy the fastest growing EV battery maker in the world.
All stiffed by the actions of PLS & Co.
Not very ESG and one could say very anti competitive behaviour especially during Covid.
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