This announcement looks great to me. Considering how much AJX got hammered for announcing "estimated" figures that were not met within a short time frame, I would imagine that mentioning $5 million in revenue is likely to be conservative! We have all noticed that sales announcements are roughly 6-12 months before we see any revenue on the financials...and everything announced 6-12 months ago has already started to show up....which suggests to me that we can easily add $5 million to our annual projections starting the end of the year (or possibly even earlier). As far as I am concerned if we make the USD$18.5 million which has been promised I am happy - it shows exponential growth...if this NEW contract is on top of that I am even happier. So either way I am HAPPY!
I only wish the announcement came out the end of the week as I have funds clearning in the next 24h and was hoping to top up at 57c....which I will still do, though a little bit higher....all good.
AJX Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held
