question is whether enough punters see that rate as attractive enough, the rating out bonds would get would be below junk and the security potentially less valuable than the debt amount - If Lithium is a damp squib a mine sitting on a deposit won’t be worth much...
much more likely a capital event for stage 2 will be tied to debt payment of some sort and with a bit of luck outperformance by plant can allow some debt pay down.
AJM Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
