Lithium prices have continued to be depressed.
AJM has not yet illustrated it is cash flow positive.
AJMs rights issue was significantly undersubscribed (only raising $9m of proposed $22m)
AJM downgraded sales estimates for the quarter to 40,000dmt.
AJM have an interest payment ($14m) in just a matter of weeks.
It’s hard to imagine based on the above that AJM has any bargaining power - they are no doubt desperate for cash and running on an oily rag, with the quarterly cash flow rpt due in a couple of weeks it’s likely showing insufficient funds to pay next months interest payment. I cant imagine they’ve got the leverage to strike a better deal than they are on but here’s to hoping.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
3 | 274835 | 3.3¢ |
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---|---|---|
3.4¢ | 123310 | 2 |
View Market Depth
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3 | 274835 | 0.033 |
2 | 32091 | 0.032 |
4 | 102290 | 0.031 |
3 | 50666 | 0.030 |
1 | 19200 | 0.029 |
Price($) | Vol. | No. |
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0.034 | 123310 | 2 |
0.035 | 50575 | 2 |
0.036 | 335239 | 4 |
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