Ann: Trading Halt, page-115

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curiouser27

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11/08/20

14:10

Post #: 46454741
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Originally posted by Andyrooo ↑

Given the current overall market circumstances for EV battery materials, it would not be reflective of an assets true value to calculate it using a method of discounting future cashflows.

The current Project Value of AJM's Pilgangoora asset is over $A500m. Perhaps a little high next to PLS's $A950m but there would be a lot of industry players who would be very interested in picking up AJM Pilgangoora for more than $A300m. I doubt PLS would be one of them given covenants with the newly arranged finance.

When I read the TH on Monday, I felt this was merely the capitalisation of upcoming commitments giving AJM (maybe 9 months) more breathing space. However the 60% recovery rate resonates with me. This plant needs money spent on it, that AJM just doesn't have. With a Plant Contractor taking legal action for recovery of an outstanding debt recently, that emits an industry message.

A great product but this business needs fresh air that only someone with deep pockets can ventilate. Too much for PLS and too little for Twiggy. CE must be drooling. That's not screeching or squawking from the seagulls, its laughing.

Good luck AJMers, hopefully this is a refinancing.

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Running out of buyers across the fence?

Get them to hurry up on the gold

AJM has gold

#seagullsahead

AJM Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 3.0¢		Change 0.000(0.00%)		Mkt cap ! $9.092M

Open	High	Low	Value	Volume
3.1¢	3.1¢	3.0¢	$3.903K	130.0K

Buyers (Bids)

No.	Vol.	Price($)
6	576868	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	153700	1

View Market Depth

No.	Vol.	Price($)
6	576868	0.029
8	164664	0.028
3	134687	0.027
2	39000	0.025
1	200000	0.023

Price($)	Vol.	No.
0.030	153700	1
0.031	321138	2
0.032	120728	2
0.033	41913	2
0.034	269773	1

Last trade - 13.00pm 04/11/2024 (20 minute delay)

1MC (ASX) Chart

Ann: Trading Halt, page-115

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Ann: Trading Halt, page-115

Top Stories

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

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Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

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Featured News

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