To be fair to the successive governments involved, and to investors, few if anybody could have predicted the 2011 earthquakes. By the time we had the PNR quakes there was a clear pattern, and government acted accordingly, in the interests of the electorate rather than AJL shareholders.
No company has a right to expect to be allowed to undertake industrial processes that would have such potentially detrimental impacts on the local "receptors" (as we are known).
Cuadrilla did publicly promise that they could frack without causing these quakes and they failed dismally to live up to that promise. It was like hit and hope.
I can't see that they have anybody to blame but themselves here.
After 2011 this was always a very risky investment and anyone who invested then at 70c+ will have lost a shirt or two now the SP is down a 1c.
- Forums
- ASX - By Stock
- 2024 Election Manifesto on Fracking
To be fair to the successive governments involved, and to...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AJL (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.38M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $3.229K | 358.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 725000 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 270418 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 725000 | 0.008 |
5 | 1335124 | 0.007 |
2 | 795000 | 0.006 |
5 | 600000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 270418 | 1 |
0.010 | 922270 | 4 |
0.011 | 1469054 | 5 |
0.012 | 111667 | 2 |
0.016 | 79432 | 1 |
Last trade - 15.01pm 27/08/2024 (20 minute delay) ? |
Featured News
AJL (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online