AJQ 0.00% 10.0¢ armour energy limited

Ann: Myall Creek Well 5A Spudded, page-24

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  1. 2,276 Posts.
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    I'm stating that ALL monies received from sales PLUS monies raised from investors are going into growing the company. So far it's earning ~11,000,000 per year for LPG and 4,700,000 per year from LPG  (my approximate estimates) and I cannot get the price they're receiving for their straight out 9TJ gas sales. That's a magnificent effort and it's getting better as the days go by. I've been in oil and mining for most of my life and AJQ is one of the best performers I've yet seen. Being a miner means I'm an optimist or I wouldn't be in the business. I can understand your reasoning if you're attempting to debase the company so you can buy in cheap. Otherwise I cannot in any sense comprehend you unfounded  pessimism. Further there's a disaster formed by shortage of gas for the domestic market which is being (in part) rectified by AJQ.  Prices and domestic demand  will remain high for a very long time.  Should the FNQ and NQ areas be farmed out , which is a very distinct possibility the share price will strengthen considerably. Check out the top 20, being as they're in it for a tad of profit I think  I'll travel  along with them. 
 
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Currently unlisted public company.

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