Looking at AJM’s customer base and binding offtake agreements in place as per their company presentation in March, they had:
• 70,000tpa with Ganfeng to December 2021 • 35,000tpa with Ruifu to June 2024 • 60,000tpa with Lionergy to June 2022 • 50,000tpa with Guangdong Weihua to December 2024
And just 4 months ago they signed a 5 year offtake with shanshan beginning January 2021, with 60,000tpa for years 2-5.
Should AJM not be able to get back onto their feet, then Ruifu, Guangdong Weihua and Shanshan in particular are going to need a plan B...
CXO Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
(20min delay)