Hi, AJX has appeared on my radar. Appears to have a great future ahead of it.
So, Duro is about to launch Ascalon into the North American market and the royalty received will be $1.50 per yard. New licences to be awarded in Europe it seems possibly this year.
The royalties on Nycolon (which would seem essential to US armed forces) will be $2 to $3 per yard. Not sure when this product will be launched.
The applications these products can be applied to is endless. Hopefully they can push ahead fast enough before the Chinese start copying the process.
Is their any projections of revenue/profit over the next few years ? It would seem the sky is the limit.
AJX looks set to be a genuine technology stock multibagger over the next 6 months if the deals start flowing in.
AJX Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
