It’s certainly looking like a pump and dump so as to lure more...

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Cashmeoutside

3,063 Posts.

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14/11/19

15:05

Post #: 41426245
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Originally posted by PinkBunnyRabbit ↑

Hello All,

The timing happened to coincide when people made a decision to participate in the capital raise or not. In my opinion it was a pump and dump to get funds.

How much is the shortfall?

Will AJM trade above 6 cents now that people have allocated funds?

There has been no active positive movements in the company.

We still do not know what the operating cost (only the mining and transport side that AJM repot) + capital sustaining costs (eg. what you need to spend to keep the plant functioning year on year) + royalties (not reported by AJM as part of costs....) + overhead (head office is not associated with production costs according to AJM) + insurance and shipping cost to china.

What is this cost.

I have been selling shares at high 6s. Thank god. I feel better reducing my exposure to AJM. I do not have much hope for the future here.

Any opinion that is not totally ramping is slandered, attacked and vilified. I find this whole experience here disheartening.

I look forward to being out of AJM and putting this tragic period of my life behind me.

Pink.

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It’s certainly looking like a pump and dump so as to lure more retail funds in. All that money soon to be torched and debt holders to swoop in and take the lot?Maybe...

Hopefully retail holders have learnt from the prior raises and decided not to tip good money after bad .. over subscribing to the last SPP at 13cps doesn’t seem like the smartest move in hindsight. Perhaps this time it’s different..

AJM Price at posting: 5.9¢ Sentiment: None Disclosure: Not Held
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