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Thatguyoverthere

130 Posts.

16

07/12/17

12:05

Post #: 29449715
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Originally posted by Felix3579 ↑

Perhaps I'm just trying to convince myself, but my take is as follows:
> $12m insto money is no small amount, particularly given time of year
> discount small - if they were just trying to shore up cash balances, would be smaller raise at bigger discount
> Petra are a good house, I doubt they are flapping in the breeze hoping that they can raise the money - it's done
> SPP is small and simply trying to appease the retail punters

Given legals, I doubt that a new deal has already been inked. Given the above, I also doubt that it is far away.

Of course the Term Sheet will be suitably general. What else will the money be used for other than "working capital"? That's what AJX needs to ramp up production, not additional capex.

I've been in this stock for a long time. Am well aware of the communications "excesses" of the past. It just doesn't feel like that this time.

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Related to this - Deal may be contingent on the cash raising i.e. it's only inked if they get the capital necessary to fill the order. Not saying it is this but given the debt facility, current cash balance etc I just don't really see any other need for a CR. Who knows though.

AJX Price at posting: 38.0¢ Sentiment: None Disclosure: Held
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Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $17.31M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$3	266

Buyers (Bids)

No.	Vol.	Price($)
1	59013	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	767921	5

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No.	Vol.	Price($)
1	59013	0.010
5	2072715	0.009
4	4186222	0.008
3	349012	0.007
3	544500	0.006

Price($)	Vol.	No.
0.011	767921	5
0.013	240000	1
0.015	431158	2
0.017	321118	2
0.018	115942	2

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