morning all, good to be home
".who has the stock in their hands to do this???,"
reckon I could have a good guess at that one
-- wouldn't post any names though.
interesting that some long back suspended members still watch - even though they stated never owned stock
watched this week as well.
I have stated that I think this selling into anns. will change character when we are in NY - too much new blood, too much money chasing good stories, too much energy right now chasing growth stocks - I think I posted a link from the states on that last weekend.
Sorry to see some here hurting during the week - I was tied up for days - either travelling, catching up, drinking grog or sitting in conference rooms - or hiding my name tag from the bloke on the Fosters stand (or is that Frosters stand
).
Caught up with several AJX'ers - but, the joint was overrun with Rappers
- all a great bunch.
The reaction to the ann. which came - exactly and precisely when I said it would come (ok - it wasn't 9.25 - but, it was to the second that the hostie came and gave us the glare just after being told to go to flight mode - and, yes, I have witnesses on the timing
) -
anyway I was a bit surprised at the size of the gap - because although I thought it was a good announcement - it wasn't earth shattering - for AJX --------- not saying it wasn't a good ann. it was - but, - as I said at the conference next day ------------- it really is just another multi million dollar contract - ho hum.
But, although the immediate jump surprised me a little -- the sell down after certainly did not.
Whatever is happening here - I believe this will stop happening when we are in NY as I said above.
Nick - whom I consider am his friend - IMO, needs to take a few leaves out of Trey Gowdy's book on how to not psssssss people off when things go wrong - IMO - Nick is working out of the Pinto play book - and, Pinto has definitely not mastered the art of leaving people smiling even after you get rid of them - probably will never master the art.
Nick needs to IMO.
Whatever is happening IMO - cannot harm the business - at least not much, if at all - but, it sure can harm the SP - temporarily.
In the end, the business will sell and it will more than likely get solid value - all my opinion - but, ref. many times - it is built for sale and we have very large feet under our table talking already -- ref. several newsletters and anns..
Through a blur of very very good fizz - I was talking to one of our AJX'ers who also holds - Saracen - and, (am only going on report here - I know nothing about Saracen) - and, yes, it's a completely different animal - a gold company - but, anyway - she said - I sat with Saracen for so long - and it just got good news after good news and nothing happened - and then, all of a sudden it took off and just kept going.
of course - the bells were ringing for me with Alexium -
unless this is complete fantasy - and, I seriously doubt that - you just cannot have such huge industries with industry changing technology - massive sector penetration and quick uptake with a large pipeline with little dropout and a new order stream that is increasing -
and have a suppressed SP - forever ---------------- something's got to give.
This all drives the technicals --------------- but, if the technicals are being fiddled with - how can anyone read anything with accuracy?
Look at this ----------- how can you read that anyway other than a pig's breakfast?
View attachment 303371
just broken yet another down trend line - and, then, looks like crap.
the whole chart needs a new broom -------- new blood from NY and or half year numbers that confirm a great calendar year - or a great license deal with locked in minimums per year for several years - WITH good projection of 10's of millions of chemical sales each year.
A royalty deal to die for with a major clothing manufacturer - 'should' move it- but, I doubt if the Aussie market would be able to comprehend the significance.
Anyway - only about a week and a bit for the 1/4 ---------- I have no idea what it will do to the price ------------ as you all know - I strongly believe that the 1/4 will tell us precised nothing about how the business is going -------- even if it reads like a blockbuster - unless we get a revenue update at the same time ------------- and, in the Queen's English.
Neither of which I am holding my breath for.
Then - 4 weeks to the AGM -------
now - look at the chart - read the unhappy posters - and, look at the remuneration for Nick -
what do you see - and what do you think might happen BEFORE we get to that vote?
One can use all the TA skills in the world - but, it won't tell you what Nick has up his sleeve -
just think ------------ does he want happy campers at the AGM - or a surly mob of disgruntled under water holders?
Take that into account when reading the chart
all IMO - have a great morning
Pinto
(20min delay)