Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Looking like a 50% close
Where’s the acquisition ??
No stopping this stock
Acquisition news incoming
Sea of blue
Looks like a breakout coming, 8p next stop intellect
Must be close to getting signed
Any news will just surge this up
12p next stop
Must be a TR1 update soon someone is desperate to buy stock at these levels on market
I have that at about 400k shares purchased on market today.
So yes about £30,000 shares brought on market out of nowhere. bodes well for the future
News imminent should be the title. With the amount of buying today I wouldn’t be surprised if we get an asset update
What a crazy down, at one stage we were -8% down and we finished +17%. Agreed with plant power the short term target is an easy guaranteed 11p minimum if 15p breaks straight to 20p. Watching my stock here very closely!
Few buys and it starts to pop.
Difficult to build position without moving price.
11p target 🎯 technically per below:
https://x.com/zakstraderscafe/status/1694276371726446736?s=52
Even a £1000 sell dropped this 4% now imagine what a £100k buy will do. This is one of the most liquid stocks in the uk market.
Will be topping up perfect buying opportunity as we speak
Amroq minerals is an interesting analogy from where Ajax could end up. They are a Greenland focused mineral company that have a focus on gold in Greenland. Obviously, the point that Ajax have two very experienced Greenland operators on their board in the form of the ex-Bluejay mining pair Michael Hutchinson and Eric Sondergaard will not be lost on astute observers.
The interesting part about the Amroq portfolio is that they have followed a fairly similar strategy to that which has been set out by Ajax. Or perhaps it would be more accurate to say that Ajax are following a fairly similar strategy to that which has been set out by Amroq.
Amroq have acquired a past-producing gold mine in Greenland and are developing this alongside the acquisition of high-impact exploration assets that could have a major impact on their future share-price. It is a sensible strategy and one that has served them well to get their market cap up to the current level of over £100 million.
Amroq also state in their latest presentation that they are aiming to feed into the global green transition and that they intend to use the cashflow from the Nalunaq gold mine to develop their exploration assets in Greenland. Again, this is very similar to the strategy set out by Ajax in their recent interviews.
Although Ajax announced the other month that they were likely to focus on North America, their reasons for this were cited as: positive rule of law, regional stability and that safeguarded the rights of foreign investors. All of these criteria could easily be applied to Greenland also.
Obviously it depends on what assets Ajax are able to acquire but their strategy seems to be similar to that of Amroq which has been a proven success.
I met the CEO Ippolito Cattaneo at an investor conference last month and I was very impressed by talking to him about his vision for the company. He seems like a very dynamic and determined man. He would not give any information on when an acquisition would be coming but he said that they were working hard on a number of opportunities in various locations and they were making very good progress.
I got the feeling from his refusal to discuss timelines that we should probably expect news sooner rather than later, but this is just a feeling based on how keen he was to not discuss timelines despite me pressing.
Do you have any more information on AMRQ?
Really encouraging to see a TR1 holder adding considerably - hopefully news isn't too far away!
Https://www.lse.co.uk/rns/AJAX/holdings-in-company-ab5m1faw5z8mzdf.html
Interesting movements here in the last few days. It could be that we are getting closer to an acquisition or it could be that we have somebody accumulating shares and a new TR1 notice may be imminent. Either way, it demonstrates what we already knew, which is that the price on AJAX can really shift on relatively minor buying.
I am a big fan of what the CEO has said that they intend to deliver here. Minerals for the energy transition and specifically lithium and copper are hot now and are only going to get hotter as the EV market continues to grow, so this is a perfect space for the company to be in. I think that the sector is also only going to get more interesting as new technologies come in to make extraction processes more efficient. In short, I think that the green minerals sector will move forward and become as powerful a force in the markets as the oil sector over the forthcoming years.
I have been looking at the potential that Ajax could have and it seems as if it could be very large. If anyone else is interested in this then have a look at Amroq minerals (AMRQ). I am not suggesting that you buy AMRQ and I don’t hold there, btu they are a £100 million + market cap company and I think that they provide a good example of what Ajax could grow into if the right acquisitions are made. Let me know what you think.
Anything over 3% requires TR1 RNS holding notification.
Shaz I can buy easily in IG. Still wait undervalued this went from 6p to 14p in couple of days last time. The most liquid stock I’m invested in on any acquisition news expect it to fly to 30-40p.