1MC 2.33% 4.4¢ morella corporation limited

To even entertain the idea of doing something like this (and...

  1. 321 Posts.
    lightbulb Created with Sketch. 36
    To even entertain the idea of doing something like this (and assuming the lenders were receptive to it), you would need to have first proved to your offtakers that your product was of top quality. The only way to prove your product is the most desirable is to offer it for sale and make your offtakers rely upon it.

    I know it is hard to swallow for many that AJM has sold product below floor price, but at least they now have created a demand for it in the most difficult of circumstances. And if your product is in demand, then you have better grounds upon which to negotiate, which brings more opportunities and possibilities to the table for discusssion
    Last edited by kwerk: 13/08/20
 
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