Ajax Resources Plc Share Price (AJAX.PL)

I personally found ippolito progressively cooler and more confident yea the share price isn’t reflecting or doing great but that’s the markets and lack of news which I think ippolito can’t release yet. All good and great buying opportunity

Https://www.youtube.com/watch?v=Jvu8kOLkzu0

They found some gold in Argentina good grade too https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3400-tsx-venture/dgc/206364-daura-gold-announces-high-grade-surface-sampling-results-at-la-flora-project-in-argentina.html

Ajax looks like it’s getting very close to the bottom now. The chart has been dragged right back from the April spike around 8p–9p to around 4.5p, with the market cap now only about £5.4m. That’s a big pullback, but nothing fundamental has really changed to justify that sort of drop. It looks more like weak holders, low liquidity and the usual AQSE spread making the fall look worse than it is. The key point is that the valuation is now getting close to cash-in-bank territory, which means the market is barely giving any value to the wider portfolio.

Technically it looks oversold and washed out, which is often how these bottoms form before the bounce. The April excitement has fully unwound, sellers look like they’ve largely had their go, and a move back through 5p would already start to improve the setup. After that, 6p–6.5p looks like the obvious recovery zone if buyers return. With Macacha, Paguanta, Eureka, Reveille uranium exposure and the Oslo listing angle still all in play, the share price looks disconnected from the asset base now. Fundamentals haven’t gone backwards, only the share price has, and from this level a bounce wouldn’t be surprising at all.

I didn’t know only 55km away, seems all these good assets are close to one another and we’re not far off at all. Great find Tom