interesting to see the supporting docs being signed by mr Ball, over the past days. How could he know about this contract as a non exec board member baffles me.
the same as who is selling at these prices? Fundamentals for contracting are changing in Oz, with the market picking up. Shale in UK well under way to full approval, and people sell at rock bottom? Strange.
hope drilling will pick up some new contracts. Recently large FID for queensland was made (40.000 wells).
Anything below 1$ is cheap for AJL in the bigger scheme of things. If operations continue to improve a re-finance should be top of agenda. Current agreement makes pawn shop owners look humble social enterprises.
AJL Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
