Totally agree- if ON do go belly up there shareholding in AJM will not be sold on open market. It will be scooped up by a bigger player looking to secure supply of which there are many! It's quite obvious that even through serious cashflow difficultly ON held onto AJM-what does this tell you ? AJM have successfully warded off a low ball takeover, and have made it clear that any take over now would not be in the best interests of shareholders ( this statement was made when the share price was 30 cent). As shareholders looking at the long term picture that's all we need to know. PS I note ON had s particular focus on R&D and it appears that licensing of their patents may secure access to the The lucrative Chinese market for any western player. Don't underestimate this small but very important detail.
AJM Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
