As already mentioned by a number of posters, don't expect anything much to happen except fluctuation between 18.5c and 20.5c between now and the 13th January....Jeez, I tried to get an electrician to do a job for me last week and his response was as if I was from the planet Krypton...and I'm in a capital city....as if anything's going to be happening out in Armour's woop-woop land between now and mid-January...
I don't believe, however, that Armour will be "on hold" till April/May next year. Any "lightness" in on ground activity will be countered by boardroom machinations... Armour is a high-risk play, however their board is exceptional, and I don't think they'll mothball the company on account of the rainy season...far too much daylight to be burnt behind the scenes waiting for the weather to turn.
One last thing, the trading volumes on Armour over the last 4 weeks have been nothing short of anorexic...Jeez, there's more lazy money lying around in the ashtrays of the cars out the front of the Crown Casino than gets traded daily on Armour...How anyone can make profound judgements and calls on this stock when the dollar movement is less than $100 grand daily is beyond me.
Still a high risk/high reward stock, but as Bluetooth and others have pointed out, the fundamentals are all there to warrant taking the punt...
Merry Christmas everyone,
Clozapine
AJQ Price at posting:
18.5¢ Sentiment: LT Buy Disclosure: Held
