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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ajax Resources Plc | AJAX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 03/2/2023 10:12 by omsima Rephrasing Peterashbeck from LSE (can delete if he wants me to) as I know the free float is even less than what is thought:"Ajax seems to me like a medium risk- high reward play. We currently have a shell where there are only 46,862,500 shares in issue. According to the significant shareholders page on the company website: hxxps://www.ajaxreso If we assume that none of the eight significant shareholders who are currently listed on the website are going to sell in the next 3 months (and bear in mind that 14 million shares cannot be sold in the next 2.5 months for any reason) then this only leaves 17 million shares that are currently available for trading. This is an incredibly small float and means that the share price is going to move very considerably once there is any significant buying on market. We are waiting for more information about what the company plans to do next, but it is fairly clear from the latest RNS that they have their sights targeted on an asset in Greenland. The share price has already moved from 3p to 9.5p since September and as more information comes out about potential assets I can see this doubling or more from here even before they formally acquire a license. As to the discussion about whether the company is likely to acquire an oil asset or a mineral asset, we cannot tell for sure. However, in my opinion all of the signs in the board appointments strongly suggest that this is going to be a mining operation rather than an oil operation." |
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