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10.0¢ armour energy limited

Sorry, percentage should be 6% not 2% [typo]....but still a give...

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junior101

1,523 Posts.

40

09/08/23

17:12

Post #: 69252253
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Originally posted by junior101: ↑

I guess no one really knows about how this company will perform
post consolidation.However, nice to see someone establishing a market
for the Feb 24 Options at around 2% [0.003] of the post consolidation ask expectation
of around 5c [ 50x 0.001}. The company has virtually set up a give away
on the Options by early consolidation.Without any strong operational successes
to support a main share price dynamic going forward, the s/p will be nowhere near required
$2-$3/share over next 6 months..The company also now has to compete with perhaps better
regarded similar stocks in this space such as TBN,COI,COE in the sub 20c range....

Cheers

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Sorry, percentage should be 6% not 2% [typo]....but still a give away.

AJQ Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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