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10.0¢ armour energy limited

Let us also not forget that the N.T Govt. announcements have...

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junior101

1,521 Posts.

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06/05/23

14:49

Post #: 67640064
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Originally posted by junior101: ↑

The company appears to be leaving the past behind with new look web site etc.
The recent Govt. announcements re "small producer" status gives AJQ the go
ahead to capitalise on potential revenue streams at potentially healthy profit levels etc..

Even the recent Shell contract will result in a very good start in restoring company profitability
at the contract $12/gig...add in a potential "discovery" company maker factor
re Enterprise then the current share price starting to look very low given even the base potential...

I find it interesting how the market sometimes gives really no potential" in ground value" to exploration assets until
they perform. AJQ is a classic case...but maybe that is about to change?

Cheers

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Let us also not forget that the N.T Govt. announcements have also opened
up the opportunity for AJQ to take advantage of also perhaps selling off some
it's Mc Arthur acreage containing proven "unconventional" targets that U.S companies like
the ASX Listed TBN has found attractive within nearby adjoining comparable Basin drilling...

None of this potential is reflected in the share price...so far.

Cheers...

AJQ Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
4 Upvote

1 Great analysis

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