The lithium asset was touted more than two years ago, and to...

The lithium asset was touted more than two years ago, and to date nothing has eventuated; no partners in development nor off takes. Management have performed poorly to say the least and have wasted company funds that could have been put to better use. I doubt there are any entities left in Australia that trust management to develop their Pilgangoora deposit. Their lack of expertise in precious / specialist metals is another concern.

As they are more coal people than lithium, I previously believed we could see a sale of the lithium tenement to PLS. However, given the comments that PLS recently attempted to contact AJM several times without success, it's clear that AJM management retain their arrogant nature and a reluctance to deal with other companies that could possibly assist them.

If the company continues to hemorrhage money we could very well see the company put into administration over the next 6 months. I'm then assuming the administrator would be more than happy to sell the the pilgangoora tenement at a reasonable price.