With the neighbours share price being higher, each pip to them is 1-2%.
Over here 4% is wiped with each drop.
With consensus suggesting a 1:3 ratio as an indicative guide, these drops are causing the ratio to blow out.
12.5c (AJM) would have PLS at 37.5c.
With the support at 14c being broken, 10c is the next psychological level.
Ann: Pilgangoora Lithium - DFS Delivers Excellent Results-AJM.AX, page-97
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