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Greenland's west coast alone is estimated to contain about 18 billion barrels of oil, according to a recent study from the Geological Survey of Denmark and Greenland.
Greenland is a huge prospect, billions of untapped oil in the safest region. This stock is essentially priced at 0.
Very little stock on offer
50k shares max buy at 10p
very tightly held register with 64% tucked away
Think this appointment will bring on opportunities for partnerships with different companies.
" I am delighted to welcome Eric to the team. Alongside Ajax's Chairman, Michael Hutchinson, we have extensive experience in production and exploration activities, as well as deal-making and commodity trading, to enable the Company to become a full-cycle energy business .
Just did some research on Michael Hutchinson, he is a serious player and a director over at Bluejay mining which has a market cap of £50m. Seems to have some serious contacts in the industry and looks good for Ajax going forward. Right now best time to load up on stock whilst it’s still quiet.
Could this be the reverse
Great news looks like the platform is being set for some big assets
Potential Greenland news? Anyone have any idea which asset this could be?
“ significant development potential across various geographies, including Greenland among other secure jurisdictions, with a particular focus on the green energy sector “
AJAX RESOURCES PLC
("Ajax" or the "Company")
Appointment of Consultant Geologist
Ajax [ LSE : AJAX ], the UK listed special purpose acquisition company with a focus on natural resources, is pleased to announce the appointment of Eric Sondergaard to the position of consultant geologist to assist the Company in the identification of highly prospective natural resource production and development opportunities, specifically within the mining sector.
Mr. Sondergaard is a registered Professional Geoscientist (P.Geo) and a graduate of the University of Calgary in Canada with over fifteen years of operational experience in challenging and remote locations. Notably, he managed the exploration team that uncovered a super-giant rare earth deposit in Greenland. Eric has a broad spectrum of operational experience ranging from exploration, optimization, exploitation and project management, to leading contract and joint venture negotiations.
Most recently, he served as Executive Director and Chief Operating Officer at an AIM-quoted mining company, which has joint ventures with KoBold Metals and Rio Tinto Exploration, focused on developing a portfolio of critical metals projects in Greenland and Finland.
Ippolito Cattaneo, Chief Executive Officer of Ajax, commented:
" I am delighted to welcome Eric to the team. Alongside Ajax's Chairman, Michael Hutchinson, we have extensive experience in production and exploration activities, as well as deal-making and commodity trading, to enable the Company to become a full-cycle energy business .
Eric will provide a valuable contribution as we implement our strategy of identifying opportunities to acquire, develop and monetise an asset with significant development potential across various geographies, including Greenland among other secure jurisdictions, with a particular focus on the green energy sector .
We look forward to updating shareholders on our progress in reviewing acquisition opportunities in the near future."
- ENDS -
The players who have taken an early entry in Ajax give me confidence this stock will reach 50-100p within a year or two.
Yes deffo IPO ( Clear Capital Markets )
Book open
Good spot Mojolse. I have now looked at the Fulcrum Metals site and seen him there. An interesting parallel path to Ajax, though a mirror image really. Fulcrum have some assets but not yet any listing and Ajax have a listing but not yet any assets.
Where have you seen the information that Fulcrum are listing next month as I could not find anything about that in the quick look I had on their website or Twitter?
Looks like Aidan is also a director of Fulcrum Metals.
They IPO this month onto AIM
From the research I did into James and Olga Simmons and Aidan O’Hara last night they all seem to be high net worth individuals who like to take significant early-stage stakes in small cap companies and it spears that they have been pretty successful at this so far.
James & Olga Simmonds and Aidan O’Hara own TR1 stakes together in three of the same companies: Prospex Oil & Gas, Drumz PLC and Ajax Resources. What is noticeable is that they have held all of these stakes for some time and neither party appears to have yet sold any shares in these companies. They appear to invest for the long-term.
In Prospex O’Hara was the first to invest on 15/06/2021 when his TR1 announced that he had acquired 11.5 million shares representing 8.03% of the company with the share price at that time approximately 2.5p. He continued to buy up to up to 4.7p by which time he announced he held 17.725 million shares worth 7% of the company as new shares being issued had diluted his holding.
The Simmonds’ first issued a TR1 on 27th October 2021 announcing that they had acquired 5.325 million shares at approx. 3p worth 3.01% of Prospex. They continued issuing TR1 until 7th November 2022 where they bought at approx. 10.75p and owned a total of 14 million shares worth 5.02% of the company
At the current share price of 14.75p Aidan O’Hara’s 6.36% stake in the company is worth £2.6 million and it looks like he is up over £2 million on this investment. James and Olga Simmonds who own 5.02% of Prospex worth £2 million also seem to be up about £1.5 million.
In Drumz Aidan O’Hara first issued a TR1 announcement on 19th April 2022 for 15.5 million share or 3.69% of the company and gradually increased this to 21.025 million shares worth 5% of the company. The Simmonds’ first announced a TR1 on 12th May 2022 was for 12.7 million shares worth 3.04% and is currently 30 million shares worth 7.14%. The value of O’Hara’s stake is currently £189k and the Simmonds’ stake is £222k. They are up less significantly here at around £60k and £50k profit respectively.
Ajax, we know about. The initial TR1 announcements for both of them were made on 14th November 2022 when O’Hara announced 1.89 million shares 4.03% and the Simmonds’ 1.55 million shares 3.31%. They have both made two further announcements and O’Hara now owns 3.04 million shares 6.49% worth £320k and the Simmonds’ 2.346 million shares 5% worth £250k. They are both already significantly up on their investments, O’Hara up by approx. £180k and the Simmonds’ by about £90k.
Lets hope that Ajax can do something similar to Prospex and increase in value from 4-5 times the original buy-in price of these investors. That would certainly make me happy.
The proof is in the investor results, these investors loading up in Ajax at these levels know a big run is coming.
Check out Aidan O’Hara, he is also a TR1 holder in PXEN DRUM AJAX
Some smart money moving in here
Here we go :) Will hold this for the long run. Wait for the announcements
They are also 5.01% of prospex energy which has trebled since July till now. All their investments have risen at least 200% from their entry, I would expect a 200% rise minimum from here.
Up 14% now
12500…15000 was mine…..this stock will rise on the smallest of buys pure liquidity
30,000 tranches going through
Are they buying more?
Something huge is brewing here
It’s now an 8% stake in DRUM and 5% in PXEN looking at the registers
Seems like James and Olga Simmons are good at picking stocks before big rises.
https://ukinvestormagazine.co.uk/aim-movers-poor-first-half-sales-at-optibiotix-health-and-stakebuilding-in-drumz/
“ Shares in investment company Drumz (LON: DRUM) have risen on the back of stakebuilding by James and Olga Simmons. They took a 3.04% stake in May, and this has subsequently increased to 5%. The share price rose 24% to 0.775p and it has risen 47.6% over two days. “
I believe they know the company is due a big rise with a new asset or some good news coming.
They are loading up before big asset news I reckon mate