I notice the first trade of the morning was a 100,000 X - I didn't watch the open, but, before open I did see a cheap sale 100k and I wondered if it would last - I didn't think it would at the price.
The further this goes on - the more I feel we are near a 'meatballer' moment.
$173 million is not a tiny MC by ASX standards - but, it is very small by large business standards - and, to my mind - there is just way too much now.
Military, commercial - including polymer - legislative change already in - more to come and, now discussion on military appropriation - which we have had major success with so far and already - NC has got all the services on board - so, personally - although on paper there is a way to go - I consider it done - at least on past performance - lets face it - all services on board - republicans in control - the President always signs - how much more does one want for an odds on bet.
All that lot adds up to that 18.5 million already written for this year (months back) and ahead of it as expected - for what must be starting to shape up as a very solid year next year-
well, $173 million Aussie - is very much IMO looking very very underdone.
I still can't think of a better place to just park some money. I have a few opportunities around atm - but, in reality - even if they all came home - all of them combined don't come within a country mile of what the returns in the Alexium business look like doing in the next year to 2 years.
This doesn't feel like a $173 million company - it feels like 10 times that to me.
have a great day all
AJX Price at posting:
58.5¢ Sentiment: Buy Disclosure: Held
