This sustained selling makes no sense. We have recieved no indication of anything but strength from the company. The large placement at 0.35 is testament to the opportunities that are just around the corner.
Given our current cash position and debt facility they did not need to raise anything. Imo they needed to prove to clients that they have the capital required to ramp up production 5-10x instantly.
I am expecting big contract wins over the next few months. Anything less and we deserve to be at 30 cents
AJX Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
