AJX 0.00% 1.1¢ alexium international group limited

Ann: Addressable Revenue for 2015, page-126

  1. 3,740 Posts.
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    The thing is (as is often the case with these slow drawn out sell downs in speculative companies) the buy side is offering no opportunity to get back in. So IMO you've got to really need that money or have no faith that further positive announcements are due soon to sell right now, in either case why be invested at all? As opposed to other HC darlings AJX is rapidly developing near term financials to justify the current market cap rather than being valued on purely blue sky potential or speculation. We're just a couple of confirmed contracts away from cashflow positive and a few more from enough cash for a dividend (should the company wish). Much more of a sell down and I'd say a stock buy back looks smart, although of course the volume isn't there to facilitate one... Wonder why that is?
 
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