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Looking really solid, was wondering if it worth continuing to buy at these levels or do we think that it will be a while before it moves up again? Todays bounce is unheard of on uk markets on news let alone none.
Think another bounce into close back over 10p
This has legs and quick movement to 20p with ease
Another bounce coming imo
Touched 110% rise
Crazy
Big project announcement I think
I think a big project coming here
Crazy we’ll be 20 soon
News coming?
Am I the only one just seen this? Someone is loading up
From 3.5 to 5 with couple of trades. Someone loading up knowing something we don’t ? Looking good here
Looking very interested here glad I got in at bottom.
Not much in the way to 10p
Outlook
As we look to our future near-term progress, we are greatly encouraged by the current energy pricing climate and the many opportunities we believe this has created for experienced and well-connected management teams. To this end, our efforts are proactively now centered on identifying and completing an acquisition with transformational value creation potential for shareholders.
The demand for energy, specifically that to be provided through the use of battery metals including Lithium, Nickel, and Cobalt, is set to increase exponentially in the years ahead, and the Company is looking to target these resources to astutely position itself at the forefront of the ongoing energy transition away from fossil fuels to a low-carbon economy.
I would like to thank all shareholders for the support they have shown for the Company’s IPO, and we look forward with enthusiasm to our progress in the near future.
Michael Hutchinson Non-Executive Chairman
Looks like a fresh new company to buy in at bottom
AJAX RESOURCES PLC
("Ajax" or the "Company")
Final Results for the period from incorporation to 28 February 2022
Ajax [LSE: AJAX], the UK listed special purpose acquisition company with a focus on natural resources, is pleased to announce its final results and the publication of its audited annual report for the period from incorporation to 28 February 2022 (the "Annual Report"). A copy of the Annual Report will shortly be posted on the Company's website, https://www.ajaxresources.com, and can also be viewed here:
http://www.rns-pdf.londonstockexchange.com/rns/4710V_1-2022-8-9.pdf
The Company's annual general meeting ("AGM") for the period from incorporation to 28 February 2022 will be held at 11:00 AM BST on 31 August 2022 at the offices of Allenby Capital Limited, the Company's Financial Adviser, at 5 St Helen's Place, London, EC3A 6AB. A copy of the notice of AGM will be posted on the Company's website shortly in accordance with the Company's Articles of Association.
Key elements from the Annual Report have been extracted and can be viewed below.
- ENDS -
Quite intrigued to see what assets are lined up for this company, either way we are currently at 0 level so anything good will shift this stock rapidly up from here with huge liquidity.
Does anyone have the companies email? Going to email and see which projects are on the go. Thanks in advance
Still quiet will add to my holding before the fun begins
I was just re-reading the prospectus and notice on page 35 the line that says: "Given that, with effect from Admission, the Company will be dealing with limited financial resources the Directors have undertaken not to receive any remuneration for their services until an Acquisition has been completed".
Fair play to the directors, they have put their own money into the company, own bucket loads of shares that are locked up until next year and are not taking a wage until they acquire an asset. It looks like, for once, the directors of a small cap company will only make money if shareholders do, when the share price goes up.
Did a little more research so far this is what is evident
From the Ipoplito Cattaneo interview it would appear that Ajax are going for onshore oil or mineral resources in a stable environment and they are determined be the operators of the asset.
If they follow a similar action plan to that which has been followed at Zenith then they are likely to acquire an asset that has already got proven production but requires investment to increase profitability. Exactly where they are going to acquire their assets is a bit of a mystery but I’m guessing it to be in Africa as that is where they have the most connections from their Zenith projects.
They have implied that they have already been presented with many opportunities and the big problem is going to be to be able to find the best one.
So there is very little we actually know about this so far, but we do know that they have legitimate Africa connections and with only 47 million shares in issue just now, a bit of early speculation here could lead to significant rewards further down the line.
I think the small shares in issue will be very interesting as if they acquire something good the price will move up very quickly. At current prices this is a no brainier as we are technically at the start before any interest yet to come, in which I shall expect sudden price movements.