Hi splitview,
I believe this placement and the raising of $8.5m had a lot to do with Alexium getting larger orders than what they anticipated for the time being and planning ahead for further unexpected or expected orders so to maximize their first mover advantage...
Think about it, friday's announcement stated that Alexium has received a purchase order to run a substantial amount of yardage to confirm those results on a larger scale prior to a full commercial launch of the product. This imo could lead to short term cash flow issues for Alexium, by this I mean they will probably have to pay the toll manufacturer before Alexium actually gets paid by this client in the home furnishing market, now imagine if momentum really gets rolling and other opportunities like this pop up around the corner, like splitview has said they need to be in a position to embrace demand and not be limited by funds....
- Forums
- ASX - By Stock
- AJX
- Bring balance to the for(ce)um
Bring balance to the for(ce)um, page-82
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AJX (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.31M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 899999 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 638801 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 899999 | 0.011 |
2 | 3058333 | 0.010 |
3 | 1422222 | 0.009 |
2 | 1075000 | 0.008 |
2 | 240000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 638801 | 4 |
0.015 | 906200 | 4 |
0.017 | 321118 | 2 |
0.018 | 115942 | 2 |
0.019 | 12500 | 1 |
Last trade - 09.59am 16/10/2024 (20 minute delay) ? |
Featured News
AJX (ASX) Chart |
Day chart unavailable
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online