I don't hold AJM but hope they will survive current climate for the sake of lithium sentiment and all shareholders.
Regarding AJM offtakes, it is IMO no so important these days how many you have.
The only thing that counts is selling at prices to meet production costs and loan payment.
Selling to 3 parties without enough profit margin to cover is just depleting resources.
Not saying A40 is in good position but our small loan at least provides option for C&M while others don't have much choice unless they refinance (if possible) sell half their assets to JV partner ????? or straight into administration as paying off $170M loan out of current stock on hand is out of question.
Last year we could look at lithium investment on basis who will deliver better profit, today is who is going to survive or have C&M option still available to comeback when lithium demand will outstrip demand.
A40 Price at posting:
8.2¢ Sentiment: None Disclosure: Held
