AJX 0.00% 1.0¢ alexium international group limited

AJX - Maverick of the Year, page-52

  1. 318 Posts.
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    Don't expect much news until Jan, makes no sense to announce a contract when half the market is on vacation.

    Agreed that the verdict is still out. If they announce something positive that justifies the CR, it will be a huge gain for us. If they don't then they will have a lot of questions to be answering.

    Having said that, the fact that Petra has been covering the company for a while, accumulating for a while, and then lead the capital raising (presumably for their own clients) is a significant show of confidence from an institutional house. If I ignore all the mistrust and just look at this fact, it seems like to me that Petra sees a lot of value in this investment and wants in as much as possible.
 
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