Ajax Resources Plc Share Price (AJAX.PL)

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

Paso de Sico, the key Salta–Chile border corridor, has now returned to full operations, restoring a vital logistics route between Argentina’s mining heartland and the Pacific ports of northern Chile. For anyone looking closely at Ajax, this is exactly the sort of development that makes the Macacha copper-silver project even more interesting.

Macacha sits in Salta, roughly 200 km from Paso de Sico and around 55 km south-east of Salta city, placing it within reach of the same regional logistics network now being strengthened. That matters. Good geology is one part of the story, but access, roads, border reliability, contractors, equipment movement and export optionality are what can turn a promising asset into something far more compelling.

Ajax already has exposure to copper, silver and gold in a region attracting serious mining attention. With Macacha positioned close to established infrastructure and now supported by a stronger regional logistics backdrop, the investment case continues to sharpen.

Exploration and development still need execution, capital and results. But this is why the setup stands out. Ajax is not just sitting on prospective ground; it is building a portfolio in the right commodities, in the right jurisdictions, at a time when infrastructure around these assets is improving.

There has been a small dip in the share price recently, but I see today’s level as a significant opportunity for new investors, or for existing investors looking to average down.

https://www.panorama-minero.com/en/news/paso-de-sico-regains-full-operations-and-strengthens-a-key-logistics-corridor-for-mining-in-northwestern-argentina