AJX Charting, page-16

The market is fickle, sentiment can swing wildly in speculative/early growth companies without many financial bones to work off. The macro backdrop seems to be pushing ultra short term 'investing' ie trading such that sliwer building stories and companies building up real revenues aren't so attractive to the 'hot' money. I'm more than comfortable with a bottom end valuation around 48 cents given the possibility of much higher by next year. Perhaps we'll see a double bottom in the 40's around the levels reached after the last cap raise?

@septa's comparisons of companies with modest revenue/profit at a stage just ahead of AJX are informative though, once breakeven is acheuved and quarter on quarter growth is sustained I can see this being valued far above where it currently sits.