Lucky i picked up some for both mine and Mrs C super fund this week at 7.1, as my super's trading platform only allows trade on asx 300 stocks. One positive is one of my goldies WAF have entered the asx 300 so will be able to park some funds there . I didn't pick that AJM was going lower. I thought the reply to the downward speeding ticket may have saw a bounce, but not yet.
The removal from the asx300 is not good news . The big super funds and most managed funds and some etf's etc will probably exit AJM in an orderly fashion over coming weeks due to the guidlines on investment within these funds. This may in turn hold or lower the price as they choose to exit. I may accumulate outside my super fund in my speckie portfolio where i have a very small holding purchased at 16 cents some time ago.
Christopher
AJM Price at posting:
6.7¢ Sentiment: Hold Disclosure: Held
