The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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So now we are on path. Waiting for the acquisitions to burst
For me lithium would be the front runner for Ajax if they sign a good asset the price will fly.
I am happy with Ajax’s strategy to invest in North America, particularly as Lithium is found in various locations across the country, including Nevada, North Carolina, and California. According to the U.S. Geological Survey, the United States was the leading producer of lithium in the world in 2020, accounting for 22% of global production.
In Nevada, the only commercial lithium production in the United States occurs at the Silver Peak lithium mine, which is operated by Albemarle Corporation. In addition, there are several lithium exploration and development projects in various stages of development across the United States, including lithium clay deposits in Nevada and Arkansas, as well as lithium brine projects in California.
The United States government has also recognized the importance of developing a domestic supply chain for critical minerals, including lithium, to ensure national security and economic competitiveness. In 2020, the U.S. Department of Energy launched the Lithium-Ion Battery Recycling Prize, which aims to develop innovative solutions for the collection, separation, and recovery of lithium-based batteries. The U.S. government is also investing in research and development of advanced lithium extraction and processing technologies.
Potential of Lithium if Ajax sign a lithium asset
The lithium market is expected to continue growing in the coming years. Lithium is a key component in the production of rechargeable batteries, which are used in a wide range of electronic devices, electric vehicles, and energy storage systems.
According to a report by Grand View Research, the global lithium-ion battery market size was valued at USD 48.2 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 18.0% from 2021 to 2028. This growth is primarily driven by the increasing demand for electric vehicles, as well as the growing adoption of renewable energy sources, such as solar and wind power, which require energy storage systems.
In addition, the COVID-19 pandemic has increased the demand for consumer electronics, such as laptops, smartphones, and tablets, as people work and study remotely. This has further boosted the demand for lithium-ion batteries.
However, it is important to note that the lithium market is subject to fluctuations in demand and supply, as well as changes in government policies and regulations. The market is also impacted by advancements in battery technology and the development of alternative energy storage solutions.
Will be acquiring more here soon, all it takes is one decent asset and the price will fly. The interview says a lot about what is yet to come the director is young and vibrant and has big plans for this company. Exciting times ahead.
Best time to acquire stock right now while it’s quiet. All it takes the news of the new project acquired and the price will bag with so much liquidity.
The resource types that Ajax Resources have stated that they are now focused on developing are all key to electric vehicles with the exception of gold.
Copper – is used for the wiring in electric motors to create the magnetic fields that deliver the torque as well as for the batteries and charging connections. EVs use three times as much copper as internal combustion engines so the demand for it will keep growing.
Nickel – is also used to create the cathodes in EV batteries. It helps increase the energy density of the lithium-ion batteries and helps deliver longer driving ranges.
Cobalt – is also used in the cathodes of Lithium ion batteries for the same reason as nickel but it also increases the stability of the batteries and helps with longer driving range and better performance.
Tin - is used in the anode of lithium ion batteries to improve performance and lifespan.
Lithium is obviously the key component of electric vehicles as it is the primary component of the batteries that power them. It is the key material that enables their batteries to store energy and allows the vehicles to operate.
Rare Earth Elements – are used in electric vehicles primarily for their magnetic, thermal, and electronic properties particularly in the manufacture of the magnets that are key to making electric vehicles work.
It is now clear the direction that the company is going in and if they can acquire a sensible assets then it looks like they could be on to a very good thing. I am going to spend some of the weekend looking into other public companies that are in similar areas to see what the potential for Ajax could be but it feels very exciting to me.
I think that the big takeaway from the latest RNS is the American and Canadian subsidiaries. It is clear that they now aim to set up in North America unless the African opportunities are too good to be missed and that is great for investors. It’s a stable territory, easy to get funding in and there is a massive demand for raw materials.
Just waiting on this :)
This RNS signals further progress forward towards a successful acquisition. After the recent tweets and this RNS we also know much more about the direction the company is going in and I like it.
We know that Ajax are only planning to work in stable jurisdictions including Canada, USA, Zambia, Namibia, and Botswana. It also seems like they have a real preference for Nort America considering that they have just incorporated two subsidiaries there.
We also now know that they are looking at minerals focused on green energy and that these will most likely be Copper, Nickel, Cobalt, Gold, Tin, Lithium, and Rare Earth Elements and that they are looking to acquire both production and exploration assets which seems like a nice balance.
The RNS does not give us any further details on the expected timescale of the acquisition and we could do with some clarity on that as this will be key for a big rise upwards. But the fact that they have now reached the stage of seriously evaluating acquisition opportunities suggests that significant progress is being made behind the scenes. I will keep watching and accumulating more shares as things progress.
They know it all same as me I have a huge pot here just sitting on them till asset news the price will multibag on that alone
Great interview
Sat on a load of these and happy to watch this play out
Very undervalued stock with huge potential I am holding a lot of stock here and will buy more
Any of these great assets will mean a huge price rerating with the shares in issue and current market cap. This will be a big company once the breaks are released.
Dear All,
We were delighted to interview Ippolito Cattaneo, CEO at Ajax Resources. Today Ajax has released an RNS outlining the strategy for the SPAC. The focus will be on critical metals needed for the low carbon economy ie metals like copper, nickel, cobalt, tin, gold, lithium and rare earths. The jurisdictions where acquisition opportunities are being evaluated are as follows: Canada, USA, Zambia, Namibia and Botswana, all with a positive outlook for miners. And subsidiaries have been incorporated in Canada and the United States. Please do check out the detailed interview with Ippolito here: https://youtu.be/yhwJ_2STALc
AJAX RESOURCES PLC
("Ajax" or the "Company")
Company Update
Ajax [LSE: AJAX], the UK listed special purpose acquisition company with a focus on natural resources, is pleased to provide an update on its target identification for opportunities with significant natural resource exploration, development, and production potential.
The Company is currently evaluating a selection of acquisition opportunities, ranging from early exploration to near-term production, located in Canada, USA, Zambia, Namibia, and Botswana. These assessments remain strictly at the review stage.
Ajax intends to build a well-balanced portfolio of production and exploration assets targeting critical metals and certain key resources required for the ongoing transition to a low-carbon economy. These include, without limitation, Copper, Nickel, Cobalt, Gold, Tin, Lithium, and Rare Earth Elements.
Following recent progress, the Company has decided to incorporate two subsidiaries, respectively in the USA and in Canada, to pursue future potential acquisition opportunities in these jurisdictions.
Ippolito Ingo Cattaneo, Chief Executive Officer of Ajax, commented:
"Over recent months we have achieved considerable progress in reviewing a selection of highly prospective natural resource production and development opportunities in relatively low-risk operating environments.
In view of the ongoing energy transition, we wish to position Ajax as a forward-looking business with a results-driven commercial vision aimed towards the production of globally significant critical metals and natural resources.
Our strategy has the objective of creating shareholder value by developing a portfolio of assets that can generate revenue within 12-18 months of acquisition, as well as holding exploration opportunities with long-term mineral potential."
Great points made on the interview
https://www.share-talk.com/traders-cafe-with-zak-mir-the-week-in-small-caps-sunday-19th-march-2023/#:~:text=Ajax%20Resources%3A,to%20like%20with%20small%20caps
Took a punt last week added 500 squid today the CEO looks hungry
1. UK SPACs great performers, established track record of bringing private companies or businesses or assets to public, last sub-£30 million company to come to market in December 2021 when Ajax were still engaged in the listing process the FCA changed the minimum market capitalisation threshold from £750,000 to £30 million. Last of this type of breed according to the director.
2. credible and well-known chairman in Mike Hutchinson very successful with Bluejay mining. Ippolito Cattaneo Driving force behind the company seems young, vibrant and chip on his shoulder to deliver massive value to shareholders. Eric Soondergaard a solid consultant geologist, important role in technical and geological due diligence in the opportunities that they are reviewing. He was also at Bluejay Mining. Always looking to advance the board.
3. only have 47 million shares in issue which, is for LSE standards, is quite rare, quite low. Of these 47 million shares roughly 32% is held by the board so that represents quite a significant interest by the board in the share capital. CEO Owns 22.5% of company so will want to deliver for himself as well as shareholders. Price already risen from 4p to a peak of 14.5p which shows fast liquidity and share price rise. Very few shares in issue.
4. looking at Namibia and Zambia which are two very good jurisdictions in Africa for mining. They are also looking at North America – the US and Canada. Believes that there are a number of good assets out there and it is just a question of finding them, networking with people and technical and geological expertise to identify the targets and then to negotiate and acquire them.
5. plans to build a well balanced portfolio of production and exploration. On completing their first acquisition the companies objective will be to maximise the potential of that asset and monetise its production which they hope to achieve within 12-18 months of acquisition. They plan to use that revenue to reinvest and develop the asset but also explore the acquisition of additional assets across a number of resources.
These are the points that stood out to me anything else I have missed feel free to add but the stock is looking very undervalued at the moment.
Quite, long, but gives an interesting look at the direction we are likely to be taking and all positive for the future. https://twitter.com/ZaksTradersCafe/status/1636710511956951043
It is unlikely that the CEO would be putting in £160k of his own money into acquiring shares on or off market if this was a joke of a company. It is very clear that there is something big brewing and the CEO intends to deliver a significant return on his investment. He now owns more than 22% of the company and so his ambitions are totally aligned with the rest of us investors.
Also Superex, looking at your history, only 28 days ago you wrote on the Wildcat board “Better to buy Ajax Resources and get multiple return. “ What has changed your opinion by 180 degrees in 28 days, especially when the CEO here has put £160k of his own money where his mouth is?
Perfect time to top up MMs tree shake
Great confidence, some deals to be arriving soon :)