Don’t get me wrong, good on you for getting out at 63c, anyone...

Don’t get me wrong, good on you for getting out at 63c, anyone would prefer to get in now but I don’t think anyone can predict these price changes. I’ve sold some at +$1 in the past and happy to have my average at 47c now.

But to say it’s going to take a long time to make money, at the brink of turning cash flow positive?

Ajx is currently 40c per share, imagine we make 3m in earnings in the next 12 months ($0.01 per share)... Thats only $250,000 a month, which is less than the positive cash rate for June. So, WITHOUT TAKING INTO ACCOUNT ANY EXTRA GROWTH that’s a PE of 40.

Now, revenue grew +700% in FY16, +500% in fy17. Anyone who has done any research knows that this is still a growing company, with margins getting close to 40% I don’t see much downside at these prices. But I guess it’s people who think it’s going to take a long time for this company to make money who are selling it at 40c, so I guess I should be thankful.