AJM has seriously got me confused...
Most other players cutting production and expansion plans to preserve capital. AJM going full steam ahead until they keep running out of cash - how is that sustainable? Basically they want shareholders to continue throwing cash at them so they can produce more and make bigger losses? While stockpiles are currently built up with other mines it seems crazy to continue like this.
Its business 101, reduce your variable costs and survive. If they cut production months ago they would have spent a lot less cash on production... but now they are raising again.. its like they are on a business suicide mission at the expense of shareholders.
Just my thoughts anyway. Good luck to holders, I hope the market turns quickly for your sake.
AJM has seriously got me confused...Most other players cutting...
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