"$1 is damn cheap for AJM " (pc3) and "In the fullness of time I fully expect this to be a $2-3 dividend paying share" (Zensen).
I agree. And yes, these speculations sound great; and I do hope they come true.
HOWEVER
If someone had told me one month ago I could exchange my AJM shares for PLS shares
1 for 1,
I for one,
would gone for it like a rat up a drain pipe.
The thing is: if the offer is anything like the speculation i.e. > than 60c per share, PLS (and others in the sector) will take off like a falcon heavy well before the settlement and I wont be able to buy PLS at anything like the current price of 93c. Maybe I should grow some and get into margin lending; buy now and wait for this to unfold.
The only other problem I see here is a tax one. Could I ask the AJM BOD to please hold off making a final decision so that settlement occurs after June 30. They have to understand I never intended to sell the whole lot in one financial year; qualifying for the CGT discount only helps a bit.
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Change
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Mkt cap ! $8.897M |
Open | High | Low | Value | Volume |
3.2¢ | 3.6¢ | 3.2¢ | $23.23K | 677.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 119319 | 3.2¢ |
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Price($) | Vol. | No. |
---|---|---|
3.6¢ | 58388 | 1 |
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4 | 119319 | 0.032 |
3 | 56920 | 0.031 |
2 | 28366 | 0.030 |
1 | 19200 | 0.029 |
1 | 35749 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 58388 | 1 |
0.037 | 65000 | 1 |
0.038 | 75000 | 1 |
0.039 | 70000 | 1 |
0.040 | 18500 | 1 |
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