"This is no longer a cheap stock its market cap is 200 million. It has had a huge run up and may to many seem stalled. Its not the same when a stock is 20c and probably a market cap of about $60 million an announcement at that point is a dramatic thing"
just another point from joe's post - and, also many believe a similar thing to that --------
but, what I have always wondered -------------------- lets assume that it is true - $200 mil. MC and not a lot of revenue etc. only promise ---------
BUT -------------- how come that doesn't work for other stocks who run into the billions or half billion - some with far less surety of future than AJX.
Eg --------- FMG, LNG -------- there is a long list of them out there
so - why not AJX?
Guaranteed military income -------------- GUARANTEED. Already revenue - heaps of customers.
A heap of the other lot have or had zero income - zero contracts and revenue projections way off into the future.
So - if it's good for the goose -- why isn't it good for the gander?
Non sexy some will say -------------- well, iron ore ain't all that sexy - nor is LNG - and, in LNG's case - it only punched tickets on the way through (or similar).
I am afraid - the argument doesn't stand up for all -- apparently only some.
Pinto
AJX Price at posting:
67.5¢ Sentiment: Buy Disclosure: Held
(20min delay)