AJM got the lithium not like other spec companies who just keep drilling for copper, gold etc and still unable to proven any resources but trading over $20M market cap.
The fact is that AJM got the Lithium to be a lithuim producer, it's just matter of time that when the production can start or any agreement can be signed.
On other hand; PLS MC is around $180m where as AJM is at $27m (please dont bring up coal here now).
Also, if you look at the chart, seems like it's trying to set up bullish hammer similar to the one we seen on 19th June and then bang huge white/green candle for break out from that price (I could be wrong but good to keep eyes on this for next few days). I believe this retracement is healthy for medium-long term holder as it will bring better base and support than 1.5c, where AJM was trading just a week ago.
All IMO & so please DYOR. Will be accumulating heads and oppies as I get such opportunity.
cheers
J
AJM - Discuss FA or TA, page-2
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 (20min delay)
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.621K | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 121 | 181496973 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 20055545 | 43 |
| Last trade - 15.53pm 04/07/2024 (20 minute delay) ? |
| 1MC (ASX) Chart |
Day chart unavailable