Fair point, retailers 'need' price rises the big boys 'need' volume and this only occurs with news events. The SP is relatively high with a lot of the good news 'priced in' that said a DoD deal is a transformative event on so many levels - conservatively worth >$50 million annually when the military market is properly penetrated, a huge validation of the product (how often is 'military spec' used to promote a product or imply its superiority), enormous profile in the US (many retail and other investors buy on military contracts for their duration and resilience through poor market conditions), huge validation of management delivering what they've promised and thus bolstering their chances of delivering on the commercial side.
Make no mistake for an Aussie minnow to lock down the US military as a key customer together with the worlds largest mattress producer... Snare the big fish and the minnows will all swim right up.
For me this is the first speculative ASX stock that I've invested in that has delivered (or exceeded) on its potential. The register is relatively tight and as much as you say that the HC AJX addicts are a 'small' crowd I wouldn't be surprised if more than a quarter of the company is locked down by is lot. For sure games will be played GS et al may only want more off the back of this and BY might dump hard to exit, but ultimately over a 6 - 24 month time frame this has just too much gas in the tank to stay anywhere near/below $1.
@ARMCH I have huge respect for your input and you've been amazing with regards technicals, so I can't disagree with your assessment, but have you seen a company crash into a sector with disruptive tech this hard or this fast? NC seems to be a force of nature and if this win is the massive military one we hope I wouldn't bet against him kicking on to even bigger things from here?
AJX Price at posting:
94.0¢ Sentiment: Hold Disclosure: Held
(20min delay)