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3.0¢ morella corporation limited

Agreed.From a leadership quality perspective (Good to Great,...

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Firein10

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03/02/19

16:01

Post #: 37314465
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Originally posted by ConnerEx: ↑

My comments are only to give a bit of balance to those wanting to increase their exposure to AJM. Dr M you may also recall JB saying he was knocking back approaches from Aus banks to refinance the debt. KB and DH from PLS also made the same comments. That was only a few months back...in reality Aus banks are no where to be seen for both AJM and PLS.. In AJM's case, imo, JB always had the intention of refinancing with Aus banks once production commenced and that helped him accept the ludicrous terms of the current financiers. He thought it would be all short term...Aus banks (result of Royal Commission imo) have restricted lending across all markets and consider the Li sector out of bounds....hence the strangle hold AJM's financiers currently have...they are known to be aggressive. Please do not underestimate the negatives here. I would recommend JB approach Terry Smith (T20 shareholder) and see if he can provide short term finance to cover at least 9 months interest commitments . This is over and above any money injected from the CR. This will provide time necessary to get the production problems sorted and imo time for the carbonate pricing market out of China to improve. It's starting to tick up a notch. Imo the errors made by AJM in order of impact have been 1.Bad finance option up front 2. Owner operator model ..hence production issues 3. Perhaps inferior plant quality ..went the cheaper route unlike PLS who have a quality plant which cost much more.
For disclosure sake I was T20 in AJM , PLS and AVZ and now out of them at net gain of $1.7m ..I am a believer in Li and my only play now is MIN which I've taken a sound position in...My main reason is that I think CE has it all over the others when it comes to corporate strategy and killer instant...I have respect for JB and KB but something about this CE fellow gives him the X factor..

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Agreed.From a leadership quality perspective (Good to Great, Great by Choice), MIN is head and shoulders above everyone else in the Lithium sector.

AJM Price at posting: 14.5¢ Sentiment: Buy Disclosure: Not Held
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Agreed.From a leadership quality perspective (Good to Great,...

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Agreed.From a leadership quality perspective (Good to Great,...

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