AJM really got screwed over by the chinese.... forced to sell to...

AJM really got screwed over by the chinese.... forced to sell to them at a loss (not a great way to do business).... that was always going to end badly. Can't blame the note holders for looking out for their own interests (i.e. preserving their own cash). And given the Aus government finally grew a set and backed FIRB decision to block Chinese interests from getting their hands on a strategic asset on the cheap (a position they engineered), the only logical way out for note holders was to do a deal with a company who would meet approval- in this case the next door neighbour, PLS. And that "useless BOD" you refer to?? Many of them are up to their old tricks over at 1MC and SYA..... they don't miss meals.... When I was first looking to invest in lithium prospects back in 2014/2015, PLS was the standout company in terms of not just potential resource but also the quality of the management- so my $$$$ went to PLS, not AJM. I was also interested in SYA but the involvement of 1MC killed off that idea. PLS and the note holders of AJM are not the bad guys here.