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There are at least two investors now who are both making sizeable bets on the future of Ajax and have put their money where their mouth is. When you combine this with the fact that the directors themselves own about 25% of the company then there are a small amount of people here who own a very large amount of the stock. The big question is - what do the TR1 holders know that we don't.
I'm going to do a bit of research into them this evening and see what I can find out . I'll keep you updated.
https://www.investegate.co.uk/ajax-resources-plc/rns/holding-s--in-company/202301171326060169N/
Increased his holding from 4% to 5% of the company
Seems like he’s loading up big time
25k shares max buy limit at 9.5p
Blue morning
This is the absolute bottom with any asset the price should fly to 50p pure liquidity
Now owns 20% of the company so he’s clearly confident before the big news
AJAX RESOURCES PLC
("Ajax" or the "Company")
Director Dealing, Holdings in Company, and
Change of Auditors
Director Dealing & Holding in the Company
Ajax [LSE: AJAX], the UK listed special purpose acquisition company with a focus on natural resources, is pleased to announce that its Chief Executive Officer, Ippolito Cattaneo, has purchased a further 125,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares"). Following this purchase, Mr. Cattaneo holds a total of 9,050,000 Ordinary Shares, equivalent to 19.31% of the issued Ordinary Shares.
Change of Auditors
The Company is also pleased to announce the appointment of Shipleys LLP as auditors. The Company's former auditors, Jeffreys Henry LLP, have ceased to act as auditors for "Public Interest Entities" (a definition that includes all companies on the UK Official List) and have confirmed that they have no matters which they consider should be brought to the attention of the company's members or creditors in accordance with Section 519 of the Companies Act 2006.
Buy signal
Bit pricey for me.
watching and waiting.
Seems to have gone very quiet here. Thoughts?
When could a New project be boarded?
2x 12.5K buys also yesterday. Just waiting for any action to create the surge! hop in
2x 10K buys just listed
Someone loading up?
There’s barely any shares in issue, any new project and more buys and this will multi bag in couple trading sessions. There is a reason why the big players are buying and holding this stock they know soon the company will secure a juice asset.
Not much free float available at all. Happy to buy and hold gla
25k buy limit at 10p
TG set up as well
Buys flooding in.
11-12p next stop
On board since April. The market cap will surge immediately due to the liquidty of now being higher than the cap itself. Let's wait and see.
9.5/10.5p Consolidating, no sell off and looking strong
The spread is awful here but certainly worth a small investment and wait for news
Lots of buys again today, seems like someone really wants to have a big portion of this company for big things to come!
Increase in holding again . One to watch.
Not many out there like this one !
News will come and market makers will have to gap it up.
Hopefully TR1s will increase their holdings !
I knew this week would be fun and its only Monday
Think this moves up again tomorrow
Zak has this on BB heroes today with next target of 15p
About another 300k shares bought at 9.5/9.7p in the last hour
Could be more stake building
I am going to keep building a position in here at these levels as I think that this has the potential to multi-bag in short order. After all, for the market cap to get to £12 million then at the current shares in issue the share price would be 28p. That is a three times return from today’s levels and with the right news it is easily achievable. It is going to need some more buying or some concrete comms from the company to move up again if you ask me but because there are so few shares in issue it only takes the slightest push for the share price to jump significantly and it will be difficult to get in at a good price the next time it rockets.
This is not one to watch day to day in my opinion, but is one to build a stake in and then wait for the day it flies. It will definitely be worth much more than it is today as soon as news comes or any significant buying happens.