I have often commented the lack of wins was undermining AAX. Unfortunately, today's release confirms that. Macquaries analysis was badly wrong... at least in short term. So what would i do if i held AAX... bought at say $4.00?? Well, if i had substantialprofits this tax year i would consider closing and copping loss as a tax writeoff. But AAX release does state that a potentail $10.6Billion worth of contracts is due to be announced over next 6-9 months. Hence, i would hold now (SP currently $2.42),put in bottom drawer, not look at screen for ages. Surely, AAX management is astute enough to win a % of this 10 Billion amount? The other hope is that AAX becomes a TO target for MND, WOR or similar. I feel for holders and hope this can eventually make a comeback.
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