AJX 9.09% 1.2¢ alexium international group limited

Not sure, Seb. Bob's good at being "excited" ... but I can't see...

  1. 1,239 Posts.
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    Not sure, Seb.

    Bob's good at being "excited" ... but I can't see much different here.

    Sure, they've done some rebranding, and we have yet another product line promising the world but we have seen all this before.

    The FR for military has apparently met their requirements. Great. Except they said that was the case two years ago. And some samples may go to the army soon for evaluation. So it's a long time before the revenue could turn up for that, if at all.

    The quarterly says 7 quarters of cash left (but that does not include loan payments), so we actually have enough cash to get to this time next year, and then we're out. The loan facility is fully extended, so they're going to be looking for money again soon ... unless they can actually start turning a profit.

    After all this time, I just can't see that happening.

    Same ol', same ol'.
 
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