I agree SEMS, even a small dividend will give us huge credibility. We (Armour) have been around for a while, and now that we are producing we need to be able to consistently show that we can deliver a NET Profit, from which Shareholders can receive a reward.
This is very difficult to do as we exercise the expense and costs of growing our output. But some companies attempt to expand and as they do so they declare a loss year after year and then they just slip into obscurity. Things don't work out for them. Their losses and interest expenses mount, their share price stagnates.
Our Management need to walk the tightrope of balancing costs against income (and Grants) but a profit (net) needs to be the result each year. The overall market believes (correctly IMO) that there is no point to being in business without rapidly becoming a genuinely profitable business.
I am bullish on Armour, but I hope our ongoing Financials prove my sentiments to be correct !
GLTH
AJQ Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
