Yes I know you're correct, I've recently trawled through many many Aust small cap/mid caps just looking at their structures/boards/debt vs equity ect, AJX shapes up really well in that comparison from my research.
I have also some emerging gold and Lithium stocks that are part way through assay results but still not fully proved, and:
*all of them are burning >$m's per year with accumulated losses
*none of them have any income, and if they do prove the mine will be years away; and
all of them now ( one just went up >45%) have a higher sp than AJX. astounding really. the AJX sp is not only significantly disconnected from the fundamentals but also any speculative future growth, which if you look at FR regulation, just in the US, is simply massive opportunity.
My favourite quote nowadays is.....“The market can stay irrational longer than you can stay solvent.” John Maynard Keynes
GLTA.
AJX Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
