We have the same market capital as AVZ at the moment. Thats a sobering stat.
On the other hand Jiangxi have a market capitalisation of 1.5 billion AUD. A large part of our potential trouble in H2 2019 is derived from Jiangxi's accepting their full orders, paying for the SC6 and making the processing JV binding.
We know that they followed through and paid for the conditional placement at twice the market price. I can't see Jiangxi doing that and then letting us go bust from their own actions.
Notwithstanding the well made points are our need to generate further cashflow via a new customer of course. Hopefully we get news on a new off take agreement soon.
A40 Price at posting:
8.7¢ Sentiment: Hold Disclosure: Held
