AJQ armour energy limited

primed for a rally ? imo, page-168

  1. 700 Posts.
    I agree that having DGR on the shareholder register of AJQ is undoubtedly a good thing to stopping a cheeky takeover at low levels, investing in DGR for the sole reason to get exposure to AJQ is an idea I don't agree with though.

    If you believe in the AJQ story above 1 dollar though, AJQO's are definitely the highest leverage play towards the company. I haven't done the maths for DGR vs AJQO, but I know that at the price of 35 cents for an AJQ, and 10 cents for an AJQO, you will get higher leverage from AJQO's if the price rises above 70 cents before August 2014.

    Disclosure: I'm fully in the AJQO's, as I firmly believe that a farm out and rerate is forthcoming after the 4 well exploration program in QLD (hopefully with further success), and that we will see a price higher than a dollar within a year of this post. Obviously everything I say is biased and bullish on this stock so take it with a grain of salt.
 
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