"... BOTH (with GOOD MANAGEMENT) will flourish (IMO of course)".
IMHO, AJM is currently suffering cash flow problems. They pizzled their last borrowing very quickly. They have production issues and have clearly overpromised on the positive cashflow date forecast.
IMHO, Their major offtaker has issues in meeting their contractual obligations. You can bet their legal team will fight to maintain it, dragging out for how long? Are they being played?
IMHO, There may well be a takeover offer fielded ... but for much less than expected and perhaps lower than TM's 15c It may be forced on them.
IMHO, Similarly AVZ are up sheet creek.
IMHO, The Chinese WILL sit on Manono until they have ALL of AVZ's share of ownership.
IMHO, China WILL NOT spend a fortune on infrastructure development, so that some other party will capitalise on buying Manono.
IMHO, The Chinese government WILL NOT have their own companies rival bidding for the same prospect exacerbating capital outflows.
IMHO, KB's POSCO deal was a masterstroke.
.
POSCO JV with Pilbara Minerals Hydroxide Plant, page-11
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