Ann: Armour Energy Commences Gas Sales into Qld Spot Market, page-14

IMO AJQ is not in financial strife but is carrying a substantial but manageable debt, as do most companies in the world. The SP is reflective of an accountants view. I put AJQ to my accountant for an opinion as well as asked several of my colleagues to do the same with their accountants. The resulting recommendation from all of them was that AJQ was a marginal to bad investment. In the history of investing accountants also advised investors against investing in Mt. Morgan (which fathered BP ) Mt. Isa, BHP, Woodside, Western Mining etc.etc.  I've got a sb of 7c going but somehow don't like my chances.