Moelis update, page-22

I dont know..........make of this as you will


Hi Nick,

Just a quick a quick double check question on the Moelis report, they state:

The new purchase order gives us greater confidence in AJX's sales
trajectory for its Coatings and Polymers division. AJX has guided to
CY16 revenue of US$4m for the division, split 22% 2H16 and 78% 1H17.


Is this guidance you’ve given on just the Coatings and Polymer division,
so $4m on top of the $18m previous guidance? And that $4m represents only 22% for Coatings and Polymers?

If im reading it right thats a fantastic result!

Thanks mate - you do read it right and what it actually says is that if at current rate we will exceed 18m

It also shows this is not a trial run but production

Cheers
V/r
Nicholas Clark