The frustrating thing with Armour is there is never any volume for sale at the lows the bots push the prices too every now and again. If it was a bit more liquid you could trade it as the price fluctuations are about as regular as the tides.
I'm a bit surprised at the softness, actually, with a pretty skilled investor seeking to tip in substantial funds with an 11c nominal valuation, 8c looks pretty cheap.
Carnegie isn't putting up cash at 11c because he thinks that is what the shares are fully worth. He thinks he is getting a sweet deal. I think he is doing pretty well too.
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- News: AJQ Armour Energy Ltd updates on capital raising program of up to A$40 million
News: AJQ Armour Energy Ltd updates on capital raising program of up to A$40 million, page-9
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