With a market cap of $57m, just $3m in net cash, $2m a quarter cash burn and no relief in sight........AJX looks expensive!
I personally wouldn't pay anymore than 4 cents per share and that's generous IMO.
Let's see where we are in 12 months
Ann: Appendix 4C - quarterly, page-56
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1.3¢ |
Change
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Mkt cap ! $20.46M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42000 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 11400 | 1 |
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