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1.1¢ aj lucas group limited

thanks for that. Looks like a restructure while not ideal for...

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2,312 Posts.

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29/07/21

04:00

Post #: 54852898
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Originally posted by SunderlandTech: ↑

The NTA of 7 cents is based on AJ Lucas' net assets of $95 million on December 2020. The balance sheet includes $156 million in exploration assets valued at historical cost. However, AJ Lucas bought the other half of Cuadrilla from Riverstone for a few million dollars last year so the market value of the exploration assets is probably only $10 or $20 million. AJ Lucas's net assets at market value are probably negative.

That said, the company is profitable, even after paying interest on the massive debt. The Australian business provides drilling services to the coal and coal seam gas industries. Both coal and gas prices are roaring ahead so the Australian drilling business should grow over the next few years.

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thanks for that. Looks like a restructure while not ideal for long term holders might be a way to go. Theres no denying some nibbles have been taking to move the SP up from the mid 2's to mid 3's. Usually, this is the first sign that something is afoot.

AJL Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $15.13M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$7.15K	650K

Buyers (Bids)

No.	Vol.	Price($)
1	83700	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	1046148	4

View Market Depth

No.	Vol.	Price($)
1	83700	0.011
11	2479099	0.010
5	1200099	0.009
3	800000	0.008
2	220000	0.007

Price($)	Vol.	No.
0.012	1046148	4
0.013	878773	7
0.014	268857	4
0.015	250000	2
0.016	79432	1

Last trade - 14.04pm 16/05/2024 (20 minute delay)

AJL (ASX) Chart