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Started: theannoyingdevil, 20 May 2024 11:35
Last post: theannoyingdevil, 20 May 2024 11:35
Time to get a deal done Ippolito. Markets look ready...
Started: IntellectTrader, 24 Nov 2023 12:15
Last post: RichardArmstrong, 24 Nov 2023 15:20
Looking like a 50% close
Where’s the acquisition ??
No stopping this stock
Acquisition news incoming
Started: IntellectTrader, 24 Nov 2023 10:21
Last post: Ezhik, 24 Nov 2023 12:08
Looks like a breakout coming, 8p next stop intellect
Must be close to getting signed
Started: RichardArmstrong, 23 Aug 2023 20:47
Last post: IntellectTrader, 24 Nov 2023 10:41
Sea of blue
Any news will just surge this up
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!
Started: IntellectTrader, 24 Aug 2023 08:54
Last post: IntellectTrader, 24 Aug 2023 08:54
12p next stop
Started: IntellectTrader, 23 Aug 2023 21:09
Last post: IntellectTrader, 23 Aug 2023 21:09
Must be a TR1 update soon someone is desperate to buy stock at these levels on market
Started: IntellectTrader, 25 Jul 2023 13:34
Last post: PlantPower, 23 Aug 2023 17:51
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
Started: RichardArmstrong, 15 Jun 2023 09:46
Last post: RichardArmstrong, 15 Jun 2023 09:46
Started: RichardArmstrong, 7 Jun 2023 15:50
Last post: Peterashbeck, 13 Jun 2023 14:33
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?
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.
Started: Seqbui1, 8 Jun 2023 16:02
Last post: Seqbui1, 8 Jun 2023 16:02
Really encouraging to see a TR1 holder adding considerably - hopefully news isn't too far away!
Started: shazkhan, 8 Jun 2023 08:56
Last post: RichardArmstrong, 8 Jun 2023 09:42
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.
Why am not able to buy this share on Barclays.
Anyone else not able to this listed on Barclays.
Started: IntellectTrader, 7 Jun 2023 15:36
Last post: RichardArmstrong, 7 Jun 2023 15:44
Think they are acquiring a big asset IMO
So much liquidity this moves up so fast
Started: IntellectTrader, 6 Jun 2023 14:56
Last post: IntellectTrader, 6 Jun 2023 14:56
Whose loading up? This stock moves so quickly !
Started: RichardArmstrong, 23 May 2023 12:10
Last post: RichardArmstrong, 23 May 2023 12:10
Https://techcrunch.com/2023/05/08/teslas-new-texas-lithium-refinery-to-support-1m-electric-vehicles-by-2025/amp/
Who knows maybe Ajax will be providing Tesla lithium once they acquire an asset?
Started: IntellectTrader, 16 May 2023 10:51
Last post: RichardArmstrong, 17 May 2023 09:26
It is the minimum market capitalisation required for main market listing now. See here:
https://www.fca.org.uk/news/press-releases/fca-confirms-new-listing-rules-boost-growth-and-innovation#:~:text=Increasing%20the%20minimum%20market%20capitalisation,shares%20admitted%20to%20different%20markets.
While Ajax are officially listed at the moment, when the make their acquisition they must comply with these regulations.
Hi Richard, why would they have to reach a cap of £30m on their first asset ?
Actually intellect more interestingly they also have to hit a market cap on over £30 million when they acquire their first asset/assets so there is going to be no mucking around with small-time assets. This will go straight into the big-leagues of small cap companies.
Hi Euclid, well the company has just listed, so it’s a fresh company with very few shares in issue, all it would take is one decent asset to be signed and the price will multibag in several trading sessions unlike most stocks on the market that have issued too many shares.
How can it be undervalued when it doesn’t own any assets- and just has a small amount of cash balance?
Started: RichardArmstrong, 16 May 2023 10:57
Last post: RichardArmstrong, 16 May 2023 10:57
Started: IntellectTrader, 11 Apr 2023 12:06
Last post: IntellectTrader, 12 May 2023 13:58
Imagine if we get a gold mine too? Lithium and gold production. There are only a handful of lithium companies on the LSE which I listed earlier, and also only a handful of gold companies j could fine. Fee being
Polymetal International PLC (POLY) - a Russia-based gold and silver mining company that operates primarily in Russia and Kazakhstan.
Centamin PLC (CEY) - an Egypt-focused gold mining company that operates the Sukari Gold Mine, one of the largest gold mines in Egypt.
Hochschild Mining PLC (HOC) - a UK-based precious metals mining company with operations in Peru, Argentina, and Mexico.
Petropavlovsk PLC (POG) - a Russia-based gold mining company that operates several mines in Russia's Far East.
Chaarat Gold Holdings Ltd. (CGH) - a UK-based gold mining company with operations in the Kyrgyz Republic and Armenia.
Pan African Resources PLC (PAF) - a South Africa-based gold mining company with operations in South Africa and Eswatini.
If we get a lithium and gold asset I would potentially expect a 1000% rise from here alone.
Expecting some move soon. The mcap is just too low
I wouldn’t actually object to a gold project either, North America has always shown to have some of the best mines.
Here are a few notable examples:
Homestake Mine: Located in South Dakota, the Homestake Mine was one of the largest and deepest gold mines in North America, producing over 40 million ounces of gold during its operation from 1876 to 2002.
Red Lake Mine: Located in Ontario, Canada, the Red Lake Mine is one of the largest gold mines in North America and has produced over 25 million ounces of gold since its discovery in 1925.
Carlin Trend: Located in Nevada, the Carlin Trend is a series of gold deposits that are some of the largest in North America. It has produced over 84 million ounces of gold since its discovery in the 1960s.
Fort Knox Mine: Located in Alaska, the Fort Knox Mine is an open-pit gold mine that has produced over 8 million ounces of gold since it began production in 1996.
Cripple Creek & Victor Gold Mine: Located in Colorado, the Cripple Creek & Victor Gold Mine is a large open-pit gold mine that has produced over 4 million ounces of gold since it began production in 1976.
Hemlo Mine: Located in Ontario, Canada, the Hemlo Mine is one of the largest gold mines in North America and has produced over 22 million ounces of gold since its discovery in 1981.
Here just couple examples
Even Tesla on latest instagram post needing more lithium
https://www.instagram.com/p/CsC6FfyR9do/?igshid=NTc4MTIwNjQ2YQ==
Maybe we can be the next Greenbushes mine? operated by Talison Lithium, which is jointly owned by the Chinese company Tianqi Lithium and U.S.-based Albemarle Corporation. The mine is estimated to contain the world's largest known lithium reserves, with current estimates suggesting that it holds around 62% of the world's known lithium reserves. The Greenbushes mine has been in operation for over 30 years, and produces lithium ore which is then processed into lithium concentrate at a nearby plant. The concentrate is then exported to customers around the world. Maybe we can also look at mines in Australia as well as North America?
Started: Peterashbeck, 5 Apr 2023 17:27
Last post: Peterashbeck, 5 Apr 2023 17:27
The resource types that Ajax Resources have stated that they are now focused on developing are all key to electric vehicles with the exception of gold.
Copper – is used for the wiring in electric motors to create the magnetic fields that deliver the torque as well as for the batteries and charging connections. EVs use three times as much copper as internal combustion engines so the demand for it will keep growing.
Nickel – is also used to create the cathodes in EV batteries. It helps increase the energy density of the lithium-ion batteries and helps deliver longer driving ranges.
Cobalt – is also used in the cathodes of Lithium ion batteries for the same reason as nickel but it also increases the stability of the batteries and helps with longer driving range and better performance.
Tin - is used in the anode of lithium ion batteries to improve performance and lifespan.
Lithium is obviously the key component of electric vehicles as it is the primary component of the batteries that power them. It is the key material that enables their batteries to store energy and allows the vehicles to operate.
Rare Earth Elements – are used in electric vehicles primarily for their magnetic, thermal, and electronic properties particularly in the manufacture of the magnets that are key to making electric vehicles work.
It is now clear the direction that the company is going in and if they can acquire a sensible assets then it looks like they could be on to a very good thing. I am going to spend some of the weekend looking into other public companies that are in similar areas to see what the potential for Ajax could be but it feels very exciting to me.
Started: IntellectTrader, 30 Mar 2023 10:51
Last post: FieldsOfGold, 31 Mar 2023 16:38
I think that the big takeaway from the latest RNS is the American and Canadian subsidiaries. It is clear that they now aim to set up in North America unless the African opportunities are too good to be missed and that is great for investors. It’s a stable territory, easy to get funding in and there is a massive demand for raw materials.
This RNS signals further progress forward towards a successful acquisition. After the recent tweets and this RNS we also know much more about the direction the company is going in and I like it.
We know that Ajax are only planning to work in stable jurisdictions including Canada, USA, Zambia, Namibia, and Botswana. It also seems like they have a real preference for Nort America considering that they have just incorporated two subsidiaries there.
We also now know that they are looking at minerals focused on green energy and that these will most likely be Copper, Nickel, Cobalt, Gold, Tin, Lithium, and Rare Earth Elements and that they are looking to acquire both production and exploration assets which seems like a nice balance.
The RNS does not give us any further details on the expected timescale of the acquisition and we could do with some clarity on that as this will be key for a big rise upwards. But the fact that they have now reached the stage of seriously evaluating acquisition opportunities suggests that significant progress is being made behind the scenes. I will keep watching and accumulating more shares as things progress.
AJAX RESOURCES PLC
("Ajax" or the "Company")
Company Update
Ajax [LSE: AJAX], the UK listed special purpose acquisition company with a focus on natural resources, is pleased to provide an update on its target identification for opportunities with significant natural resource exploration, development, and production potential.
The Company is currently evaluating a selection of acquisition opportunities, ranging from early exploration to near-term production, located in Canada, USA, Zambia, Namibia, and Botswana. These assessments remain strictly at the review stage.
Ajax intends to build a well-balanced portfolio of production and exploration assets targeting critical metals and certain key resources required for the ongoing transition to a low-carbon economy. These include, without limitation, Copper, Nickel, Cobalt, Gold, Tin, Lithium, and Rare Earth Elements.
Following recent progress, the Company has decided to incorporate two subsidiaries, respectively in the USA and in Canada, to pursue future potential acquisition opportunities in these jurisdictions.
Ippolito Ingo Cattaneo, Chief Executive Officer of Ajax, commented:
"Over recent months we have achieved considerable progress in reviewing a selection of highly prospective natural resource production and development opportunities in relatively low-risk operating environments.
In view of the ongoing energy transition, we wish to position Ajax as a forward-looking business with a results-driven commercial vision aimed towards the production of globally significant critical metals and natural resources.
Our strategy has the objective of creating shareholder value by developing a portfolio of assets that can generate revenue within 12-18 months of acquisition, as well as holding exploration opportunities with long-term mineral potential."
Started: LondonSouthEast, 30 Mar 2023 11:12
Last post: Norman1, 30 Mar 2023 18:28
Just waiting on this :)
They know it all same as me I have a huge pot here just sitting on them till asset news the price will multibag on that alone
Great interview
Sat on a load of these and happy to watch this play out
Very undervalued stock with huge potential I am holding a lot of stock here and will buy more
Any of these great assets will mean a huge price rerating with the shares in issue and current market cap. This will be a big company once the breaks are released.
Started: IntellectTrader, 20 Mar 2023 10:53
Last post: Norman1, 21 Mar 2023 07:13
Great points made on the interview
https://www.share-talk.com/traders-cafe-with-zak-mir-the-week-in-small-caps-sunday-19th-march-2023/#:~:text=Ajax%20Resources%3A,to%20like%20with%20small%20caps
Took a punt last week added 500 squid today the CEO looks hungry
1. UK SPACs great performers, established track record of bringing private companies or businesses or assets to public, last sub-£30 million company to come to market in December 2021 when Ajax were still engaged in the listing process the FCA changed the minimum market capitalisation threshold from £750,000 to £30 million. Last of this type of breed according to the director.
2. credible and well-known chairman in Mike Hutchinson very successful with Bluejay mining. Ippolito Cattaneo Driving force behind the company seems young, vibrant and chip on his shoulder to deliver massive value to shareholders. Eric Soondergaard a solid consultant geologist, important role in technical and geological due diligence in the opportunities that they are reviewing. He was also at Bluejay Mining. Always looking to advance the board.
3. only have 47 million shares in issue which, is for LSE standards, is quite rare, quite low. Of these 47 million shares roughly 32% is held by the board so that represents quite a significant interest by the board in the share capital. CEO Owns 22.5% of company so will want to deliver for himself as well as shareholders. Price already risen from 4p to a peak of 14.5p which shows fast liquidity and share price rise. Very few shares in issue.
4. looking at Namibia and Zambia which are two very good jurisdictions in Africa for mining. They are also looking at North America – the US and Canada. Believes that there are a number of good assets out there and it is just a question of finding them, networking with people and technical and geological expertise to identify the targets and then to negotiate and acquire them.
5. plans to build a well balanced portfolio of production and exploration. On completing their first acquisition the companies objective will be to maximise the potential of that asset and monetise its production which they hope to achieve within 12-18 months of acquisition. They plan to use that revenue to reinvest and develop the asset but also explore the acquisition of additional assets across a number of resources.
These are the points that stood out to me anything else I have missed feel free to add but the stock is looking very undervalued at the moment.
Started: FieldsOfGold, 17 Mar 2023 13:44
Last post: FieldsOfGold, 17 Mar 2023 13:44
Quite, long, but gives an interesting look at the direction we are likely to be taking and all positive for the future. https://twitter.com/ZaksTradersCafe/status/1636710511956951043
Started: Mojolse, 16 Mar 2023 14:48
Last post: Mojolse, 16 Mar 2023 14:48
Started: IntellectTrader, 1 Mar 2023 09:34
Last post: Peterashbeck, 2 Mar 2023 11:23
It is unlikely that the CEO would be putting in £160k of his own money into acquiring shares on or off market if this was a joke of a company. It is very clear that there is something big brewing and the CEO intends to deliver a significant return on his investment. He now owns more than 22% of the company and so his ambitions are totally aligned with the rest of us investors.
Also Superex, looking at your history, only 28 days ago you wrote on the Wildcat board “Better to buy Ajax Resources and get multiple return. “ What has changed your opinion by 180 degrees in 28 days, especially when the CEO here has put £160k of his own money where his mouth is?
Perfect time to top up MMs tree shake
Started: Mojolse, 24 Feb 2023 07:34
Last post: Norman1, 27 Feb 2023 08:24
Great confidence, some deals to be arriving soon :)
The CEO purchasing another 1.425 million shares on-market it a massive endorsement for the direction that he thinks the company Is going in. This is an investment of another £160k, so a serious statement of intent.
Clearly, the fact that this purchase has been made now means that no news on acquisitions is to be expected for another few weeks or he would not have been able to buy the shares. However, it would not surprise me at all if his visit to Indaba has yielded concrete progress otherwise what would be the point of making the share purchase now. He must feel that the share price is going to rise soon and therefore it is a good time for him to buy more.
It's good for us too. It suggests that progress is imminent but also means that we have a few weeks before news for us to load up at these prices too.