Is it 5 or 6 working days since AJM issued this update* to the markets ?
I suspect it is much easier on all concerned to be able to canvas options behind the scenes without a fear the market is going to preempt some negotiation or other. Seen many similar scenarios over many years and truth is you just never know. I have seen slam-dunks fall and out-and-out dawgs get up.
Having said that I will work with the following until I hear more:-
*Commercial levels of production maintained with September quarterly production expected to be in the range of 43,000-45,000 wet metric tonnes (wmt).
*Four shipments, totalling approximately 48,000 dry metric tonnes (dmt) sold to long-term offtake partners.
*Discussions ongoing to optimise debt structure and strengthen overall balance sheet. Altura remains in discussions with its senior lenders and will update the market with any material developments as they occur.
Unless someone is privy to some sensitive info they can share The above is about where it's at.
Cheers Phil.
AJM Price at posting:
7.0¢ Sentiment: None Disclosure: Held
The above is about where it's at.
