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Looking like a 50% close
Looks like a breakout coming, 8p next stop intellect
Lots of trades
News imminent should be the title. With the amount of buying today I wouldn’t be surprised if we get an asset update
What a crazy down, at one stage we were -8% down and we finished +17%. Agreed with plant power the short term target is an easy guaranteed 11p minimum if 15p breaks straight to 20p. Watching my stock here very closely!
Shaz I can buy easily in IG. Still wait undervalued this went from 6p to 14p in couple of days last time. The most liquid stock I’m invested in on any acquisition news expect it to fly to 30-40p.
Acquisition deal on its way IMO
Got a big holding here
Think Ajax resources are about to announce a big lithium acquisition the price is motoring and no one in
Think they are acquiring a big asset IMO
Https://techcrunch.com/2023/05/08/teslas-new-texas-lithium-refinery-to-support-1m-electric-vehicles-by-2025/amp/
Who knows maybe Ajax will be providing Tesla lithium once they acquire an asset?
It is the minimum market capitalisation required for main market listing now. See here:
https://www.fca.org.uk/news/press-releases/fca-confirms-new-listing-rules-boost-growth-and-innovation#:~:text=Increasing%20the%20minimum%20market%20capitalisation,shares%20admitted%20to%20different%20markets.
While Ajax are officially listed at the moment, when the make their acquisition they must comply with these regulations.
Actually intellect more interestingly they also have to hit a market cap on over £30 million when they acquire their first asset/assets so there is going to be no mucking around with small-time assets. This will go straight into the big-leagues of small cap companies.
I wouldn’t actually object to a gold project either, North America has always shown to have some of the best mines.
Here are a few notable examples:
Homestake Mine: Located in South Dakota, the Homestake Mine was one of the largest and deepest gold mines in North America, producing over 40 million ounces of gold during its operation from 1876 to 2002.
Red Lake Mine: Located in Ontario, Canada, the Red Lake Mine is one of the largest gold mines in North America and has produced over 25 million ounces of gold since its discovery in 1925.
Carlin Trend: Located in Nevada, the Carlin Trend is a series of gold deposits that are some of the largest in North America. It has produced over 84 million ounces of gold since its discovery in the 1960s.
Fort Knox Mine: Located in Alaska, the Fort Knox Mine is an open-pit gold mine that has produced over 8 million ounces of gold since it began production in 1996.
Cripple Creek & Victor Gold Mine: Located in Colorado, the Cripple Creek & Victor Gold Mine is a large open-pit gold mine that has produced over 4 million ounces of gold since it began production in 1976.
Hemlo Mine: Located in Ontario, Canada, the Hemlo Mine is one of the largest gold mines in North America and has produced over 22 million ounces of gold since its discovery in 1981.
Here just couple examples
Lithium company performances
Savannah energy went from 7p to 40p
BCN 20p to 70p before being taken out
Cornish metals from 6p to 29p
Right now Ajax at bottom on asset acquisition alone it should get to 40p
Only a handful of lithium companies on the LSE
Bacanora Lithium plc (BCN)
Cornish Lithium Limited (private)
Lithium Australia NL (LIT)
Savannah Resources plc (SAV)
Strategic Minerals plc (SML)
If we sign a big lithium asset we will be one do the many few investing in these resources
For me lithium would be the front runner for Ajax if they sign a good asset the price will fly.
I am happy with Ajax’s strategy to invest in North America, particularly as Lithium is found in various locations across the country, including Nevada, North Carolina, and California. According to the U.S. Geological Survey, the United States was the leading producer of lithium in the world in 2020, accounting for 22% of global production.
In Nevada, the only commercial lithium production in the United States occurs at the Silver Peak lithium mine, which is operated by Albemarle Corporation. In addition, there are several lithium exploration and development projects in various stages of development across the United States, including lithium clay deposits in Nevada and Arkansas, as well as lithium brine projects in California.
The United States government has also recognized the importance of developing a domestic supply chain for critical minerals, including lithium, to ensure national security and economic competitiveness. In 2020, the U.S. Department of Energy launched the Lithium-Ion Battery Recycling Prize, which aims to develop innovative solutions for the collection, separation, and recovery of lithium-based batteries. The U.S. government is also investing in research and development of advanced lithium extraction and processing technologies.
Potential of Lithium if Ajax sign a lithium asset
The lithium market is expected to continue growing in the coming years. Lithium is a key component in the production of rechargeable batteries, which are used in a wide range of electronic devices, electric vehicles, and energy storage systems.
According to a report by Grand View Research, the global lithium-ion battery market size was valued at USD 48.2 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 18.0% from 2021 to 2028. This growth is primarily driven by the increasing demand for electric vehicles, as well as the growing adoption of renewable energy sources, such as solar and wind power, which require energy storage systems.
In addition, the COVID-19 pandemic has increased the demand for consumer electronics, such as laptops, smartphones, and tablets, as people work and study remotely. This has further boosted the demand for lithium-ion batteries.
However, it is important to note that the lithium market is subject to fluctuations in demand and supply, as well as changes in government policies and regulations. The market is also impacted by advancements in battery technology and the development of alternative energy storage solutions.