AJX 0.00% 1.1¢ alexium international group limited

AJX in Transition, page-41

  1. 131 Posts.
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    Yes, no one wants to buy these shares before the signalled weak 4c, which will of course be followed by the usual upbeat shareholder newsletter. All very predictable really. I feel sorry for people who paid over 40 cents recently after the flowery shareholder newsletter and agm but before the suprise capital raise. I know they were trying to protect existing shareholders from too much dilution so they could get it away at 35 cents instead of 30 cents.
    These guys are going to HAVE to deliver later this year or forget any more of the flowery shareholder newsletters.
    I personally think they do have a chance to get profitable, sales looks good but eaten up by cost of sales. I am still out for now, but I might regret not buying now at 30 cents thou!, these shares COULD be 58 cents (for 200m market cap).
    Its hard to watch when a company has a good product and is looking good but the profit wont come, I have seen this many times.
    I hope ajx gets into profit this year and succeeds.
 
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