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Greenland asset being acquired shortly IMHO
Since the company have made it pretty clear in the RNS about the appointment of Eric Sondergaard as consultant geologist that they are looking to acquire an asset in Greenland then we probably need to start thinking about what this is.
I found an interesting video about investing in Greenland from the Greenland Mineral Resources Authority Youtube channel: https://www.youtube.com/watch?v=uB3FFqyN8mo&t=210s
The video is from three years ago and obviously, it is an investment puff-piece designed to get companies to want to invest in the territory but it has some very interesting information in in – including a short interview with our very own Eric Sondergaard (54 seconds in).
Key elements are:
1. Greenland want mining companies to invest and develop there,.
2. It is a stable political climate with honest government and no corruption
3. It has clear legislation for mining and there is a lot of public support for the industry.
4. There are currently no major players in Greenland so it is still a place mostly for junior explorers
5. There is a lot of historical information available to companies about previous exploration which saves companies a lot of time.
6. You can see a lot of the geology on the surface which makes exploration easier.
7. They say it is very easy to start exploration in Greenland as a non-Greenlandic company.
8. The permitting process is five times quicker in Greenland than Canada.
9. There are lots of deepwater ports in Greenland so it is possible to bring in very large ships and keep logistical costs low.
10. There are already service companies in Greenland who provide all the infrastructure for exploration camps (water infrastructure etc).
11. There are still massive unexplored areas of Greenland so it is a bit of a blank canvas.
Good start blue morning again up 3%
Fantastic day today lots of buys I am expecting another surge of blues tomorrow.
Making not mailing
The MMs know this is going up and mailing it very difficult to purchase stock. The run to 20p is going to very easy on any good news.
can only buy in 30k blocks
So hard to buy, share register mechanics are amazing with a very small free float
Now up 10%
Immense buying pressure
Big news on its way I feel
10-11p
+5%
The charts are looking strong for a run over 15p
Tick up +4%
Expecting a strong close 10p should be broken indefinitely
Yep sea of blues flooding in now good news on it’s way I think. Maybe big asset in Greenland?
NT to buy now
Very small free float
Couple nice buys today, stock is gradually being taken up by several investors, any one buying at these levels should make a multi bag
Can see many multiples from here
I am a new investor brought £7000 at 5p, think this company will be a huge success if they bag an asset in Greenland. The new director on board has had immense success with the companies he has taken over do we think potentially he will help us acquire an asset there shortly? The buys are trades here are looking good and can’t wait to see this company to transform to a 100p share price.
As I am sure free float is even less than what is being discussed :)
Was not aware of AJAX and looked into it and bought a position on the back of the below tweet and following research into company and developments, which look very promising. Time will tell, but we all know that the upside for a small cap can be significant with the right deal and funding. DYOR https://twitter.com/Borg74/status/1618847319268675584
Looks like the 9p seller has been cleared. 575k shares sold the last 2 days so could easily move up quickly with such a small free float
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: https://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.
Created great volume above 10p. Seems like good news coming soon
Another TR-1 soon it seems
Lots of blue today
Asset news coming?
Could be metals
Great volume today, things are starting to heat up. Think they'll try to take advantage of the recent commodity prices asap