research report, page-10

The SP is where it is because of the failure of this management to deliver a coal project and investors are getting tired of waiting. This project has been sitting there since 2007 and was scheduled to come into production in 1st Q 2010. Now they are saying mid 2012, investors will continue to hold back until it is up and running, this management may have had a reputation for getting projects up and running but they certainly have not demonstrated this at AJM.
BTW all of the other tennements / projects that AJM has Garnet, Lithium, Iron Ore etc were all in place before Minvest became involved in Haddington / Altura.
I am a long term investor who is getting tired of the BS and lack of delivery.
Why was the Research Report not announced to the ASX ???
End of rant Merry Xmas to all AJM shareholders and hope 2012 will bring us investors a better outcome.