AJQ armour energy limited

primed for a rally ? imo, page-158

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    DGR's 75 million shares in AJQ valued at the market price of AJQ shares, 35.5 cents, divided by 324.2 million (the number of DGR shares) gives a value of 8.2 cents per DGR share.

    Their holdings in SOLG and OBS should add to this. Both have risen sharply recently.

    Unfortunately the market has never valued DGR at anywhere near the value of its holdings.

    Perhaps this will change for the better if AJQ achieves its full potential.

    In this case, investing in DGR may prove to be more profitable than investing in AJQ, ie better leverage.

    (Freehold: I think DGR's cash position after the recent capital rising is good for 12 months.)
 
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Currently unlisted public company.

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