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https://twitter.com/Mojo98997270/status/1629012244615819265?t=8pw2IJZyTPm-_I7q2nYwng&s=19
Will be buying more stock today was nearly 15p 2 weeks ago will go back there in couple small trades
Isn't listed on AIM
Things are looking really good here.
1. Steady trades going through each day with volume staying stable and building.
2. Price coming back up to test the 14.5p 52 week high again.
3. Really tight capital structure with only 46 million shares in issue and 30 million of these held by 8 significant holders – meaning that there us really on 16 million shares available to the er market so it will go up on any significant buying.
4. CEO owns almost 20% of the company and seems to consistently be buying.
5. According to the company twitter the CEO is in Capetown at the moment at Indaba 2023. Presumably he is busy looking for acquisition opportunities and news will be coming soon.
For what it is worth, Ajax was also mentioned last Friday in Zak Mir’s bulletin board heroes https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-friday-3rd-february-2023-via-vox-markets/ It starts at 3 mins 18 seconds in and he states that from a charting point of view he said that he expects the share price to hit 18 pence as soon as the end of this month.
Liquid stocks
+8% now the trades are back
One of the most liquid sticks locks
More blue trades today, seems like investors know the potential of Greenland. It’s by far one of the most stable countries to drill in with no governmental issues which you normally get in third world countries such as African Middle East etc. The government encourage junior explorers to invest in and come on board which is synergistic for both the country and the junior companies such as Ajax. The permit process is also very rapid with easy access for equipment to begin drilling without delay and costly processes. The best part is the country is pretty much untapped so any junior company such as Ajax getting in early and exploring can potentially transform into a multi million dollar company on the LSE within a year of success.
The price is still dirt cheap and I am expecting 50-100p on the announcement of a new asset. There are very few shares in issue and you can see the majority shareholders are buying as much as they can while it’s quiet.
Tick up coming
Ticking back up this morning. Day traders have left the building now investors only so we have solidified the bottom. Next push past 15th and straight to 20p.
Last week someone loaded up significantly this is slowly becoming one of the potentially biggest companies on aim
Thanks for your message. I'm expecting great partnerships with mutually beneficial grounds.
20p soon
Crazy
Nice
NT to buy
11-12.6 + 13% it’s going to pop
Sorry, website link should read: https://www.mondaq.com/oil-gas--electricity/366832/oil-and-gas-in-greenland--still-on-ice#:~:text=Greenland's%20estimated%20oil%20and%20gas%20potential&text=The%20Arctic%20as%20a%20whole,world's%20undiscovered%20natural%20gas%20reserves.
According to this website: https://www.mondaq.com/oil-gas--electricity/366832/oil-and-gas-in-greenland--still-on-ice#:~:text=Greenland's%20estimated%20oil%20and%20gas%20potential&text=The%20Arctic%20as%20a%20whole,world's%20undiscovered%20natural%20gas%20reserves.
the three major basins around Greenland are estimated to hold up to 52 billion barrels of oil equivalent. This breaks down into 17.5 billion barrels of oil and 148.2 TCF of gas. These are massive resources but the majority of them appear to be offshore so are going to be quite expensive to recover.
It could be an exciting opportunity if the company chooses to get involved in Greenland oil. However, in my opinion, they will be going for mining assets not oil assets in Greenland. They already have two mining appointments on the board who both already have significant experience in operating Greenland mining assets and if the company went for an oil asset then a lot of their core skill-set would be redundant.
Blue day all I’m seeing are buys most undervalued share on aim
Moving to 20p soon
Only 46m shares
Peter what do you think the total of undeclared oil is in Greenland?
Know it all wouldn’t be surprised if directors are buying more as there is a swarm of buys now
Richard you are right 10p broken now
Buying pressure continued
Great summary Peter