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3.2¢ morella corporation limited

Ann: Extension of Voluntary Suspension, page-118

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Rupfel

10,693 Posts.

1403

20/01/20

19:34

Post #: 42480007
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Originally posted by Sjlasx ↑

Mate,
AJM has been struggling to meet interest obligations on current debt.
What you are suggesting is they raise enough extra funding to build a second plant. The stage 1 plant is not modular.
Now you are claiming it would be malfeasance if they do not raise additional debt over and above what is needed to refinance the existing crippling debt.
This shows a lack of understanding of the industry as a whole and would even go so far as to suggest you haven't bothered to review the December 2nd announcement documents.
Now because you have MBA in your handle you believe this is the only appropriate course of action and are therefore justified in making claims that AJM are about to begin Stage 2 as a statement of fact.

Expand

The industry as a whole is no longer one.
It is 2, Brine or OZ Spod and alittle on the side.
The penny hasn't dropped. When it does brine miners will suffer.IMO

AJM spod could well be in demand over other Li sources for those NCM811 batteries.

AJM Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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