The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Will be acquiring more here soon, all it takes is one decent asset and the price will fly. The interview says a lot about what is yet to come the director is young and vibrant and has big plans for this company. Exciting times ahead.
Best time to acquire stock right now while it’s quiet. All it takes the news of the new project acquired and the price will bag with so much liquidity.
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
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."
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.
Perfect time to top up MMs tree shake
Will be buying more stock today was nearly 15p 2 weeks ago will go back there in couple small trades
Liquid stocks
+8% now the trades are back
One of the most liquid sticks locks
More blue trades today, seems like investors know the potential of Greenland. It’s by far one of the most stable countries to drill in with no governmental issues which you normally get in third world countries such as African Middle East etc. The government encourage junior explorers to invest in and come on board which is synergistic for both the country and the junior companies such as Ajax. The permit process is also very rapid with easy access for equipment to begin drilling without delay and costly processes. The best part is the country is pretty much untapped so any junior company such as Ajax getting in early and exploring can potentially transform into a multi million dollar company on the LSE within a year of success.
The price is still dirt cheap and I am expecting 50-100p on the announcement of a new asset. There are very few shares in issue and you can see the majority shareholders are buying as much as they can while it’s quiet.
Tick up coming
Peter what do you think the total of undeclared oil is in Greenland?
Know it all wouldn’t be surprised if directors are buying more as there is a swarm of buys now
Richard you are right 10p broken now
Buying pressure continued
Great summary Peter
Good start blue morning again up 3%
Fantastic day today lots of buys I am expecting another surge of blues tomorrow.
Another TR-1 soon it seems
Lots of blue today
Asset news coming?