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0.9¢ aj lucas group limited

The best outcome for us might come out of this covid nightmare...

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carey18

564 Posts.

130

01/03/21

10:06

Post #: 51409711
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Originally posted by jmd1962: ↑

The core Australian drilling business seems to be going well now, and generating cash, but the massive debt is a big worry and there is a "going concern" disclaimer in the report. The debt is 136K and the company is apparently only in a net asset position per share because the UK shale "assets" are valued at 156K. They are virtually worthless if they can't be drilled and fracced.

Without the debt and the UK shale assets, this would be a viable business worth a lot more than the current price.

As it is, with the debt, it's virtually uninvestible, which is a pity because I have and am sitting on a massive loss. Lucky some other investments have paid off for me so taking the tax loss is an option.

How are they going to address the debt? It's too much for a rights issue.

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The best outcome for us might come out of this covid nightmare with the UK forced to review its gas options and allow cuadrilla to access the gas again.
surely Borris will see sense and review the situation in our favour.

AJL Price at posting: 3.8¢ Sentiment: Hold Disclosure: Held
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Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $12.38M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$2.962K	329.1K

Buyers (Bids)

No.	Vol.	Price($)
3	733281	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	971278	4

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No.	Vol.	Price($)
3	733281	0.008
6	1630059	0.007
4	1245000	0.006
3	600000	0.005
1	500000	0.004

Price($)	Vol.	No.
0.010	971278	4
0.011	349742	4
0.017	60000	1
0.019	12500	1
0.020	27458	1

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