AJX 0.00% 1.2¢ alexium international group limited

Ann: Investor Presentation, page-11

  1. 174 Posts.
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    If you were reading this report in isolation or without having lived the past 3 years at the Alexium coal face, I believe this would be a very interesting and optimistic report.

    However to the longer term wiser/jaded holder there is little to clutch to and a few shots in the gut IMO.

    Things to clutch to:
    - looks like some growth potential, building on existing bedding products, although we have learned that this is a fickle/seasonal market.
    - FR treated timber products. There would be some regulatory hurdles, but this is an area I see potential. Architects are innovators, so there could be decent market interest, however there is little information to properly understand this product at the moment.

    Shots in the gut:
    - military looks like its dead. We were chasing FRACU. I read the military update as "we lost FRACU, but here is a smoke screen about chasing another military offering to save face..."
    - resin and other opportunities that were reported on like they were on the cusp of commercial contract production are gone... This is where my trust in the business hurt most.
    - reading the management bio's it does feel like a shallow pool of tallent

    Anyway, I am up the river with Ajx. Hoping for a change of tide or a paddle to float by.
 
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