Ann: Appendix 4C - quarterly, page-314

dont think this market works that way, it's nuts and there isn;t any direction, if you look at the global market, then Australia being the one that sells dodgy stuff that no one wants (resources), then why would you look at anything they have to offer right now, its like having 10 gorgeous women and one ugly duckling, she may have great qualities, but "nah, shes ugly - not going there"..........That's how shallow the global markets are right now, ajx may - or may not have a great future, but right now you have to look at income & potential to mkt cap, and with a value of $221M, it's not undervalued - thats the harsh truth........
Next year will be another story......but this market is not for investors, it's a traders paradise