The market is rising markedly. Not just spod miners, but all battery mineral related miners.
The US has just announced a focus on Australian based battery mineral producers, the all seeing eye is upon us.
We are paying nearly 3x what PLS has recently re-negotiated for interest on its' debt, so expect debt servicing costs to fall heavily.
Falling cost of servicing costs means one of two things fast, or both things slowly but surely: Less total debt on the books, or higher profits.
There is absolutely no reason for AJM to "go under" and any suggestions of the sort would be as wild and scandalous as the theft of Alita/Tawana from myself and many other holders. AJM has things going for it that Alita did not also: a friendly neighbor which seems to have an interest in mutual profit if that is possible, which means quality infrastructure and potentially shared lobbying of roading/shipping/political and other synergies.
If PLS were to get a hint of gold on their boundaries to match what has been found at AJM and I believe CXO, there could even be a shared interest in joint production facilities for gold processing.
AJM is here to stay, for the love of quality Australian business genuinely working with its' local inhabitants and supporting its' shareholders even in the hard times.
Ful disclosure: I hold AJM, PLS, AVZ, SYR with a heavier rating towards AVZ but see greater short term momentum leaning towards AJM, PLS, SYR, AVZ (in that order).
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