A40 0.00% 8.2¢ alliance mineral assets limited

What a BS with this bail out !!! Too much bail out one day , not...

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  1. 1,319 Posts.
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    What a BS with this bail out !!!
    Too much bail out one day , not enough money the next
    To much water one week and not enough water next.

    Your comments are an example of" a blind following blind"

    A40 have around 11 m to pay off but not until after 2021 , and......... INTEREST FREE!!!!!!!

    Out of latest 20 M overdraw facility, Mark is planning to payoff 5 M in February (previous loan) and use 15 M for fines.

    So with 20 M A40 will wipe off small loan and develop fines.
    Where will AJM $20M profit goes to ????? Interest only payment in first year.

    Perhaps Mark's experience told him that Li prices are facing decline and he made 2 great decisions:

    1. Get income producing mine ASAP
    2. Stay away from over $100 M high interest loans.

    I've seen more companies going broke due to high borrowings than operational small problems.
 
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