Ajax Resources Share Discussion Threads

[omsima] 03/2/2023 10:12

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.ajaxresources.com/investors/significant-shareholders/ 29,761,000 (63.51%) are held by 8 different entities and 14,100,000 (30.09%) of the company is locked for trading until April 7th 2023.

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."

[walter walcarpets] 03/2/2023 08:43

Looks like similar today. They ain't getting mine........yet!

[quietlife] 02/2/2023 17:22

Very little or no stock about, MM’s looking for broker sell orders all day and nothing really forth coming. Great share mechanics with only 46m shares and about 66% off the market

[arab3] 02/2/2023 12:49

not able to trade with ii as it is a complex instrument

[walter walcarpets] 02/2/2023 12:21

Somewhat under the radar this one which is nice

[chopsy] 02/2/2023 07:23

!FOLLOWFEED

[omsima] 26/1/2023 12:54

Saw some good volume above 10p today. Let's see whats coming

[omsima] 25/1/2023 13:46

#AJAXRESOURCES is pleased to announce the appointment of Eric Sondergaard to the position of consultant geologist #LSE
He seems to be well connected in the sector. Will probably push through new deals

[omsima] 19/1/2023 12:45

Have been in this one for more than a few months. Waiting for it to surge. Just wait for the due announcements.

[quietlife] 18/1/2023 16:29

CEO and TR1 holder both been buying some more

[quietlife] 16/11/2022 16:52

4 TR1 RNS’s this week, No stock on offer at 10p today in any volume is a good sign. No sell off from the share price rising last week.

[mally6] 14/11/2022 09:04

Pump over now dump

[bob1995] 14/11/2022 08:25

Interest at 10p

[sos100] 14/11/2022 08:25

quietlife - no others are here but keeping low profile :)

[multibagger] 14/11/2022 08:23

Good morning quietlife and all :)

Just opened with a 95,452 buy at 8.70p...nothing available in quantity

Going to be an interesting day...

Good luck all !

[quietlife] 11/11/2022 18:29

Look like a am the only one here, I will just wait for others to join

[quietlife] 11/11/2022 18:28

Up over 20% today

I remember buying PXEN sub 2p, CTL AT 20p and DRUM at 0.50p

Next cab off the rank I think

[quietlife] 11/11/2022 18:24

Think this gets some attention next week

[quietlife] 11/11/2022 18:24

Very much under the radar

[quietlife] 11/11/2022 18:23

This is looking interesting, £2m MCap, Only 47m shares
6 TR1 Holders with over 50%
Big volume today. IPO with 33m shares at 4p. Very difficulty to buy. Website looks interesting