I don´t think our lenders want AJM to fail. But if they chose to go forward they can force AJM into administration and convert their debt into equity. Old lenders become new owners and (we) old shareholders are toast.
That is a likely scenario that worries me. My reason to invest and hold has been the strong involvement of the board. They have skin in the game and I hope (and believe) they can pull another card up their sleeves.
I recently enjoyed the ride with PLL (sold most of it) and LAC (still hold) so the WA holdings (PLS,AJM) can take their time.
I don´t think our lenders want AJM to fail. But if they chose to...
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $18.04K | 7.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 131 | 192132484 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 50525839 | 92 |
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| Last trade - 15.57pm 25/06/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |