The reason @gwahir is right on PLS.ASX and not AJM.ASX (which you bring up here) is that the plants are completely different. Also the management teams of the companies are completely different - Ken completely and utterly failed at AGO.ASX - James has had no spectacular failure like this.
AJM did not try and sell 50% of their plant like PLS did. PLS then spectacularly failed at this and also market expectations of price by then raising funds at a discount vs a premium they were trying to sell the project for. If this does not fail the sniff test of something being really wrong here I do not know what does.
PLS and AJM both on credit card interest rates - but at least AJM can sell product.
AJM also not being dishonest to the market - they are supplying product to Ganfeng.
YET
PLS said Ganfeng wanted no more product.
Does not take a rocket scientist to work out who was lying by the reality of the situation that Ganfeng was taking product.
Honestly at AJM we have our problems but at least we are honest about it. Good luck if you want to hold PLS as luck is the only thing you have.
Pink.
PLS Price at posting:
34.0¢ Sentiment: Sell Disclosure: Not Held
(20min delay)