For everyone watching the minute by minute trades and price dropping, casn I suggest a walk outside in the Beautiful sun (well it is if you live in Perth WA anyway).....other than that, turn your PC off and relax, why ?
This company is the same one you bought shares in be it a day, month or a year ago, except the Management are taking it forward in leaps and bounds.
No share price goes up in a straight line and in truth there are probably more people "trading" than genuinely investing, so the price is always going to jump around, what I think is funny is people sell when the share price is going down on Day 2 of a market meltdown....It will bounce, just the same as the price of oil & iron ore will bounce (once it's out the ground, you can't put it back, it's a declining resource !)
So what are the negatives here:
1: People expected too much
2: Current mkt cap too high ? (This is determined by the market and NOT the company), personally I think it's valued about right
3: Dilution and potential dilution once listed on Wall St
Positives:
1: The company is a leading player in a niche market which has a multi billion dollar global revenue stream
2: They have literally only just embarked in these markets (we are talking a couple of years not decades)
3: Exponential potential for what they do(can you imagine if they got a contract for the Chinese Army !!!)
4: Excellent Management
5: Cracking track record of selling into the markets and gaining contracts
===
So do your own maths and research, if you like this firm and what they have to offer they buy it at what YOU think of as fair value, and then sit back and see what the price is in 6 months, not in 6 seconds.
2 weeks ago I purchased shares in Norwood Systems (NOR) at around 5c, today they are 11c and the buying frenzy is still out there, BUT it will dry up and it will tale off and then people will whinge and moan about a falling share price, same as AJX, you buy because you like the business, if you buy on trends and cos your mate is buying, then you may as well go to the Casino and stick it on Red.
AJX will come good, it will go through turbulence, but it's a business based on solid principles, a sound business plan, good management who understand what they have to do and the challenges they face, and they have a genuine product that is wanted......
Anyway, I'll get my coat now & go have some lunch....
R
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.49M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1494467 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 103720 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1494467 | 0.008 |
6 | 3850194 | 0.007 |
3 | 414667 | 0.006 |
1 | 300000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 103720 | 1 |
0.011 | 986958 | 3 |
0.013 | 240000 | 1 |
0.014 | 134311 | 1 |
0.015 | 1200 | 1 |
Last trade - 16.12pm 27/08/2024 (20 minute delay) ? |
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