AJX 9.09% 1.0¢ alexium international group limited

AGM, page-3

  1. 146 Posts.
    lightbulb Created with Sketch. 16
    I can't go with the 10% Placement capacity resolution.

    I would've been ok if the resolution was a bit more clearly written, specifying the working capital requirements if certain circumstances arise. (i.e. Military orders received, licencing agreement delivered as promised, etc.)

    However, it's the request for a 'blank cheque'/green light to dilution for "acquisition of new assets and investments". I think we need to focus on commercializing what we've got and R&D in process while demonstrating profitability rather than looking to expand without further approval.

    Given the track record, if I'm going to get diluted, I'd like to see (and approve) the tangible upside opportunity before I throw (another) 10% value away.

    Just my musings.
 
watchlist Created with Sketch. Add AJX (ASX) to my watchlist
(20min delay)
Last
1.0¢
Change
-0.001(9.09%)
Mkt cap ! $15.62M
Open High Low Value Volume
1.0¢ 1.1¢ 1.0¢ $16.24K 1.561M

Buyers (Bids)

No. Vol. Price($)
7 7392398 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 2000 1
View Market Depth
Last trade - 16.10pm 19/06/2024 (20 minute delay) ?
AJX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.