AJX

0.00%

1.2¢ alexium international group limited

Wise words Parsifal.....I love reading your posts. Cheers Cazzex...

First 54 Last

Share
Profile

Follow
Cazzex

2,224 Posts.

43

05/10/15

17:13

Post #: 16117253
Share

Originally posted by Parsifal ↑

I wonder why some people think that the share price at any one moment in time means anything about the business. Or why they attribute meaning based on movements up and down within a short period.

AJX operates in a market that is not typically regarded as sexy by Australians. It is also not yet of a size that is noticed by other than savvy investors with an eye to potential or traders with an eye to a quick buck.

Well guess which ones are busy selling. Should one assume they are actually judging the value of potential of the business? I think not. Rather they are noticing patterns and taking advantage of them for the sake of returns that keep bread on the table. The rest of us prefer something a little tastier.

Of course had we been a mining company at the time when speculation clouded the market things might have been very different.

Let's look at what happened with Australia's largest gold company. They paid over the top for Lihir, and that was discussed at the time, but people jumped on attracted by the potential of what was actually a mine riddled with problems. Sulphur and salt - terrific for machinery huh. A workforce where labour ratios made no sense. Did it matter? Not for ages. The reality is the top price reflected the hopes and dreams of gold not yet dug up. It took no account of the reality of the business or its team. It responded to the hype of a CEO later sacked by Orica. At some point confidence ebbed away. First at institutional level. Then gold prices dropped just to top it off. The ones who really got hit were those who hung in ignoring the fact that Newcrest actually hadn't hit projections for years. So the price finally caught up with the reality.

As we've said many times only time we'll tell whether the updates we are getting and the revenue that is being tipped are as brilliant as we think. But I don't think for one moment what we are hearing is a hoax. And I certainly don't think we are dealing with the vagaries of a gold company. Instead we have chemical gold. A far better proposition in my view

Expand

Wise words Parsifal.....I love reading your posts.

Cheers
Cazzex in New York.

AJX Price at posting: 91.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Climate change to drive market trends to the moon

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

There are more pages in this discussion • 7 more messages in this thread...

First 54 Last

Add AJX (ASX) to my watchlist

(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $18.74M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	334317	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	100000	1

View Market Depth

No.	Vol.	Price($)
2	334317	0.011
4	4132035	0.010
3	511210	0.009
2	182600	0.008
1	200000	0.007

Price($)	Vol.	No.
0.013	1758914	3
0.014	363311	2
0.015	36316	2
0.017	106500	2
0.018	115942	2

Last trade - 16.12pm 05/07/2024 (20 minute delay)

AJX (ASX) Chart

Day chart unavailable

Wise words Parsifal.....I love reading your posts. Cheers Cazzex...

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Climate change to drive market trends to the moon

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

KGL sniffs 19% Cu from drilling at Rockface play in NT

Fast-track assaying yields 182 g/t gold for iTech at new NT play

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Wise words Parsifal.....I love reading your posts. Cheers Cazzex...

Top Stories

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Climate change to drive market trends to the moon

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

KGL sniffs 19% Cu from drilling at Rockface play in NT

Fast-track assaying yields 182 g/t gold for iTech at new NT play

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News