Club Mulgoa

Wednesday, October 19, 2016

AJX

It has been announcing new sales but the big one is yet to come.  It is the US Army's contract for flame retardant material for the soldiers.

However, there was a spike in the share price yesterday after announcing another contract.  Over the next few days, the share price usually falls again.  These are 'small' contract but there has been incremental sales.

When the military decides, that will make the share price go ballistic.  Hence, it can also go the other way!  But it looks promising.

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