Full Year Statutory Accounts - https://t.co/5DWSXDELBN Altura is pleased to report its financial results for year ended 30 June 2019. The results reflect positively on the construction, commissioning and commercial production from its Altura Lithium Project at Pilgangoora.
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BREAKING> Reports that 251M shares in $AJM changed hands this morning on Ch-X. Is also being mentioned on hotcopper. That sounds like major holder JRO who are were major holding and attempting to reorganise are out & someone has taken the whole stake. Question is who? AJM +9.38%
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$AJM As per today’s announcement, J&R is selling AJM’s shares by 2 million shares a day. They still hold 262 million shares. It would take them another 7 months to offload their shares with the current sell’s rate.
$AJM Will AJM’s price be performing like LTR, its price has been up over 300% in less than a month. What does it take AJM to do the same price performance?
$AJM Despite good fundamentals, sale pressure is high as we approach to end of FY2019. AJM was 32.5 cents end of FY2018. Almost everyone in loss and time offset losses.
$AJM AJM technically is in a hold recommendation after yesterday’s price action. It will be technically a buy recommendation whenever a new price action closes at 16 cents.
Fundamentally it has always been a buy recommendation based on its value.
$AJM Things you need to know;
Fundamentally undervalued. Valued at 35 cents as of Today, 28 Million CR, achieved 80% nameplate annually and more than 100% nameplate daily in recent weeks.
Technically we hit the bottom at 12 cents on 5 years support level.
$AJM looks like proposed $5 million SPP by retail investors at 13 cents have gone down the drain while the share price is 12 cents in the market. Regardless of good fundamentals, it doesn’t look good at all.