The BOD is doing everything they can within their control:
1) Sorted out the JRO issue
2) Sorted out offtakes and shortfalls (they are now fully sold) - and SS as backup
3) Production ramp up doing well (please google Mcnulty ramp-up, and recalibrate your expectations w.r.t. ramping up processing plants. IT DOES NOT HAPPEN IN 6 MONTHS!
4) Recoveries heading in the right direction (and if you want them to go quicker, read point 3 again)
The only thing outstanding, within their sphere of control, is debt refinancing.
Now, the SP is OUTSIDE their sphere of control. Irrespective of how much anybody wants to speculate and throw conspiracy theories around (packers, murdochs, dark forces, god, satan, mafia, etc.)
SP is a function of the market’s sentiment towards the company AT A MOMENT IN TIME. NOW. The market does not judge future value (irrespective of what fundamental analysis tries to tell us). AJM’s fundamentals remains solid. Unless said god from above steals their resource.
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4 | 442579 | 0.028 |
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1 | 100000 | 0.026 |
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