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10.0¢ armour energy limited

Ann: Armour Energy to Receive $6m in Gap Grant Funding, page-13

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Lance

430 Posts.

157

10/04/18

18:22

Post #: 32355985
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Originally posted by orion123 ↑

I understand that AJQ has 405,175,941 shares listed on the exchange. Assuming its' stated revenue doesn't rise but remains at $2 million / month that equates to an annual income of 5.92 cents per share. I don't think that's all that bad for a share selling at ~8cents. If it had an outgo of 4c/s that still leaves a surplus of 1.9c/s. So what's the PE of AJQ on the 5.92c and then the 1.9c . Is there something wrong with the price sitting at ~8.3cps or am I missing something of monumental importance.

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Orion your calcs are correct except there are about 300mil convertible notes at $0.11 maturing Sept 2019 + 15% p.a. interest. Probably the only thing holding things back at this point imo.

Last edited by Lance: 10/04/18

AJQ Price at posting: 8.1¢ Sentiment: Buy Disclosure: Held
5 Upvote

2 Great analysis

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