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09:37
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Originally posted by pe981:
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KM were appointed on behalf of the noteholders to control the Company's assets, undertakings and operations. They are currently in the process of calling for expressions of interest in the Lithium project to recapitalise the Company.PLS sponsored DOCA . AJM management currently have no role in this process, however there is nothing to stop them submitting their own proposal which may be formalised by their own DOCA as has been reported.
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AJM management will have to come in with a substantially better offer than PLS. Noteholders already favour PLS proposal and I'm sure are sick and tired of AJM management promises. that's how I see it, IMO. And since AJM management have historically failed to get anything substantial to appease the noteholders or eliminate the debt, it's not looking good. all my thoughts, not advice.
