Member Info for Peterashbeck

Ooh look, the bat-signal must have gone out as the whole deramping clan is turning up here today, just because I questioned Bubblepoints imagined credentials.

HeadInTheSand, Bubblepoint and Mirasol all working together to suppress any views that contradict their own. Why is that?

Its pretty weird behaviour from both Bubblepoint and Mirasol.

The moment I disagree with Bubblepoint "the secret squirrel the oil industry expert who cannot mention his real name without crashing the UK economy" Mirasol pops up to go through my posting history before claiming that I am a paid lackey of an unspecified but sinister entity. All because I asked somebody who keeps posting about his industry expertise to prove that he had any.

Why did Mirasol get involved anyway - what connection doe the two of them have that means that the one has to jump to the other's defence?

Also, Bubblepoint if you sold out at 1.7p as somebody on here said earlier then why are you still here "helping" the forum with your top secret industry expert knowledge all the time? After all 1.7p would have meant that you sold in April 2023 or earlier. That's along time to be posting here out of the goodness of your heart.

Mighty strange behaviour from the pair of you if you ask me.

I love these attempts to claim credibility Bubbles, they are brilliantly amusing.

You once revealed your secret identity to an anonymous poster on here and they were so blown away by your impressiveness that they bowed down and worshipped you.!

You really do come out with the most ridiculous guff, but its very entertaining - like the lunatic shouting on the street that he knows the royal family are really lizards and he has proof but he is not allowed to show it!

If you are on an anonymous forum claiming to be an expert in a field for 30 years then you need to prove it. Otherwise it is very suspicious - especially when the quality of the posts do not match the claims being made.

I knew that you would be unable to prove your experience via linkedin. It was obvious that you would refuse because you would be unable to. It was nice to have you admit to this publicly though.

Have a nice day Mr Mitty.

Come on Bubbles old boy, prove your industry experience - put up your linked in profile.

It should be no problem to do that if your claims are real. ..

Oh no Mirasol, I made a wrong prediction back in 2023, and you found it. I'm devastated.

No, really I'm not, unlike a bunch of you on here I am happy to admit I can get things wrong and I don't have to pretend I get things right all of the time or that everyone should listen to me because I have 30 years of making the tea for people who work in the oil industry.

I agree 100% nomlungu - if Angus get a deal from Trafigura at all then it will be a major result. One that can be defined as "good" would take a minor miracle.

On the plus side, we are in the season for miracles.

Was your three decades of industry experience in making the tea for the people who knew what they were doing Bubblepoint because you don't seem to have called much right here so far...

I've been waiting for some time for Ajax to make a meaningful acquisition, especially as the share price has been drifting downward in the absence of clear progress. However, the news that they’ve acquired the Eureka project—and expanded its footprint—is encouraging. Once the suspension is lifted, this could trigger a sharp move upward in the share price, particularly given the limited number of shares in issue, which tends to amplify buying pressure.

At first glance, the deal looks highly attractive. Bezant Resources originally acquired Eureka in 2012 for $2.6 million, at a time when gold was around $1,600/oz and copper at $7,652/tonne. Today, gold trades at $3,200/oz (a 100% increase) and copper at $9,180/tonne (a ~20% increase), significantly enhancing the in-ground value of the asset.

Ajax has picked up the project for just $170,000—less than 7% of what Bezant paid. Given the favourable shift in commodity prices and the low entry cost, this appears to be a very strong deal on the surface.

As ever with these things, the devil is in the detail, but I would definitely say that this has the potential to move swiftly upwards after the carry out the inevitable raising. I already have a mid-size investment here but will be looking to top up once I deem the moment correct.

One to keep an eye on IMO.

Kyle - they have not even completed the share buyback. By my calculations that have only bought £155k worth of shares in the last 6 months. So they have awarded themselves £750k in shares and only delivered one fifth of the buyback that they promised.

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 sent Benton Wilcoxon the email I talked about over the weekend and received a very reassuring response this morning. Details below: of both the email I sent and the response I got.

Dear Mr Wilcoxon,

My name is xxxx and I hope you recall meeting me last month in Austin. I know that you must be very busy but please could you take the time to read the following press release from Epione Swajal Solutions (ESSIL)and confirm whether or not the content is correct. It was my understanding that all of the Next-ChemX membrane technology IP was wholly owned by Next-ChemX and not licensed in from elsewhere, but this release suggests that this is not the case.

If you have time I would greatly appreciate it is you could give a short response to clarify this situation for me and give me your permission to post your response on a London-based investors forum on which I share information.

Thanks very much for your time,

Xxxx

Dear xxx,

I can clarify, that your understanding is correct, in that NEXT-ChemX Corporation owns its proprietary and patent pending portfolio and has no partners. However, we have contracted for “engineering work” with the best experts wherever we have found them for both their engineering experience in building pilot plants related to other membrane technologies as well as to secure good value for our company.

The fact that Dr. Anirban Roy has other patents is not directly relevant to us or our pilot plant, but means he is a very bright and innovative engineer in taking ideas and academic concepts and developing them on an engineering level to a commercial product. He has successfully done this with a medical application as well as a water treatment application, which means to me that he is a solid proven individual with documented expertise, so that we do not need to teach him the basics of the use of similar type of membranes as is the case with most well known engineering groups which I met with to bid on engineering. Dr. Anirban and his company is under confidentiality and he is known to have high integrity and is very excited to be involved with us in a new application that he has never contemplated before our discussions started over a year ago.

I trust that this answers your questions.

Best regards,

Benton

I was lucky enough to meet Benton Wilcoxon last month when I was in the US. He is a very impressive man btw. He talked about his ongoing projects in ChemX, which led me to invest both here and in ChemX itself. One of the things that he said to me was that all of the ChemX technology is using was developed by them and is their intellectual property and they have not bought in any technology from anywhere else. He made a big point about this because he believes that this technology is going to totally change everything in terms of DLE and be worth an enormous amount of money in the years to come.

I am not sure what this ESSIl announcement today relates to, but it cannot be to do with ChemX buying in their technology as this is not what he said to me. I assume that they are simply contracting in the best chemical engineers they can find in order to complete their pilot plant which if I remember correctly is going to be ready at the very end of Q2 or the beginning of Q3.

I have an email address for Benton Wilcoxon and I will drop him an email and see if he replies. I am not sure if he will as I only met him once and for a brief period of time, but if he does I will, with his permission, post the response here. However, even in the absence of a reply I am confident that ChemX own all of their technology and are not subcontracting it in. Hope this helps.

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.

Much higher

The debts are totally manageable on the cashflow that the company is now delivering. The market has not responded as expected to this morning's announcement but this is just a blip. The company is now on solid foundations and the share-price will reflect this in the very near term. Now is the perfect time to accumulate new shares. It is undervalued and all of the risk is gone.

Which poster are you all talking about and what happened?

In my opinion, Ajax's strategy to invest in North America is a wise decision with several advantages over setting up a project in a developing country where bureaucratic hurdles are more prevalent. By investing in North America, we can avoid the challenges associated with obtaining ministerial-level approvals, paying bribes, or facing license withdrawals due to political reasons.

Furthermore, North America's focus on securing its own supply chain in energy transition materials ensures a consistent demand for locally-produced resources. This allows for easy supply agreements and cost-effective transportation to US-based refineries.

Although asset acquisition in North America may be more expensive compared to the developing world, the benefits of this strategy still outweigh the drawbacks. Success ultimately depends on acquiring the right asset at the right price, but Ajax's experienced team is well-equipped to accomplish this goal. We can now wait for an acquisition announcement with confidence.

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.

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.