AJQ 0.00% 10.0¢ armour energy limited

Ann: Myall Creek Well 5A Spudded, page-8

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  1. 195 Posts.
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    The expenses do not present so much a biased outlook, as a delayed outlook, and all Organisations are different.  This Organisation is yet to show a profit, despite being around for quite a while, and years ago Shareholders would have expected a higher Shareprice than the $0.09 to $0.10c that it is today.


    A share price higher than it is today will not happen, IF Armour have to load up with more debt.


    The best option they could take from a Shareholders perspective is to focus on Myall Creek for a few years and make it profitable.  Become a profitable company... that should be the target....



 
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