Fundamentals - as you guys have said; worry about earthquakes, NAV analysis (although +90c looks good to me!), hedge announcement disappointed (although looked good to me), strength of AUD
OR
GMG has just initiated a large cap raising. Many HCer's and other retail investors hold both AJA and GMG based on the threads. Volumes of AJA not scarily big. Possible that some are cashing in their AJA chips to participate in GMG cap raising.
Probably a mixture of all of the above. Not stressed and if still cheap on 28th August when AJA divi comes in I'll probably buy more!
Cheers John
AJA Price at posting:
$3.55 Sentiment: Hold Disclosure: Held
