AJQ 0.00% 10.0¢ armour energy limited

Bit of a Catch 22 situation, looks like currently in short-term...

  1. 1,973 Posts.
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    Bit of a Catch 22 situation, looks like currently in short-term stalemate.
    Nobody wants to buy because of the cap raising and the next stage of the cap raising is the Entitlement Offer at 1:6 @ 0.076c.
    But the share price is currently under that level so who would?
    What will get the SP up?
    * News possibly at end of this month regarding Uganda (not sure about this, interesting to read of Kanywataba history)
    * News due possibly end of this month regarding start-up of Kincora (really looking forward to this)
    * The completion of the cap raising (at the end of the entitlement offer)
    So, as I said, short-term stalemate.
 
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