UK shale investment is either ball of steel or fool courage. Like any pioneering industry it is high risk high return stake. I believe the drive down on AJL sp is to shake out the weaker holders but most holders are still holding and therefore in the ball of steel camp. My average id 85c so I am too making a large loss. And even more so with upcoming dilution and missed opportunity with other resource stocks on asx doubling in sp in the last 6 months on oil price recovery.
Regarding Kerogen they are in my view is the unknown factor. Bohara amd RavingStark view on this topic is more qualified than mine. And any view expressed on HotCopper can range from genuine insider info to market manipulation. But in my view they seem to be committed to to see it through because they holding AJL by the ball with the interest loan secured by AJL asset (presumably Caudrilla asset as security against the loan).
AJL Price at posting:
36.5¢ Sentiment: Hold Disclosure: Held
