Totally agree with all your comments Bluegoose!

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Shiningstar

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14/12/21

14:55

Post #: 58285160
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Originally posted by Bluegoose: ↑

I sold most of mine to crystallise the loss (six figures mind you!! ) but will be buying all those back and more - just in case she goes OK in coming years.

I personally feel that $90 - $100million market cap is too high for AJM at this stage of their development.

I hold much better companies with better prospects with market caps around the $40-$50 million market cap. I find when I apply a common sense valuation to companies based on little more than gut feel, it's usually not far from the mark.

This is where I expect AJM will drift down to over the coming days and weeks.

I expect some large holders to try and keep it in a tight trading range between say 1.5 - 2 cents for as long as they can so they can exit slowly. Once they have finished, the floor will drop out of it fairly quickly. I could be wrong but this is my guess based on previous experience.

$40 - $50M puts it at around 0.008 - 1 cent mark. I will aim to grab my shares back plus a few extras at these levels in due course.

If it never gets back to those levels, I don't care that much as I have some ripper lithium juniors in my portfolio and see AJM as a capital loss and a bit of a longshot!!

It is nice to see it trading again though and frankly, the 1.5 cents or so I got was a bit of a bonus!!

I hope they rise like a Phoenix in the long term.

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Totally agree with all your comments Bluegoose!

AJM Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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