APA are certainly cashed up at the moment, having received gross $784 million for the sale of their shares in Envestra.
My thoughts are this will enable them to pursue projects which have a higher risk profile. If APA does do this, AJQ would be in a good position to benefit.
NT government is also very keen to get gas out of the ground and grow their economy / jobs.
Big picture, AJQ has so much in its favour. Little picture, we are under severe pressure.
It's managements job to get those people that matter to see the big picture and take our company forward.
AJQ Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held