The company has mentioned in interviews that they feel AJX is a likely takeover target and are conscious that takeover could come prior to the company realising its potential value.
Maybe there is a plan afoot to unveil Alexium in grand fashion rather than gradually build.
a) Alexium posts $8mil profit for Jan-June 2016
b) Announces Major customers in Bedding, Furnishings and Military (would love to hear about DOD/FRACU??)
c) Revenue and Earnings forecast upgraded to higher end of $44mil for full year 2016
d) Continual customers announcements throughout the year
This scenario would justify a $2-$3 SP and force any takeover to be at a substantial premium.
Food for thought only.
AJX Price at posting:
68.0¢ Sentiment: Hold Disclosure: Held
