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  1. Crimson321
    350 Posts.
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    15/10/16
    01:22
    Post #: 19877975
    Currently not a holder, but AJM is looking very cheap, so may soon become a holder. Expecting it to be the next project to come online in Australia. Found something that is relevant to AJM's shareholders.

    Jian Rui Xiao Fang (300116), the company that bought Optimum nano few months ago, announced their quarterly report, stating:

    ON's revenue in 2016 Jan-Sep 4.6 billion RMB(approx. $894.5m AUD).
    2016 Jan - Sep Net profit @ 570 million RMB (approx $110.85m AUD)

    Source: http://money.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?stockid=300116&id=2801995

    If the MOU with ON becomes BOA, I personally believe ON has no problem doing a pre-payment as part of the agreement.

    All IMO

    Cheers,
    Crimson
    AJM Price at posting: 11.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 18  Upvote
    lightbulb Created with Sketch.  Great analysis
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