Ajax Resources is a shell seeking energy and natural resources assets. There is no specific geography mentioned in the prospectus. Management would seek to help the existing management of the asset to fully exploit it and generate cash.
The share price started trading at 5p and ended the day at 4.75p (4.25p/5.25p). There were just over £13,000 worth of shares traded in three trades.
The pro forma net assets are 2.6p a share. That means that the shares are trading at a 82.7% premium to pro...
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