Yes, the new asset purchase is a wildcard that could be played any day....there's little doubt these guys are lining something big up on this front.
They'll have a good idea of when & how much Tabalong & Mt Webber will be bringing in/make available. They will have a plan for the cash position of the company and it's credit raising/debt capacity...and to me all this looks pretty strong into the near/mid term.
All of this will be taken into account when sizing up new assets in Indo/Phillipines......and i'm confident these guys know enough about getting this resource out of the ground and onto the market from this part of the world....so i'm more than confident they won't be signing us up for any lemons.
DYOR & GLTA
AJM Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held
