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10.0¢ armour energy limited

Ajq have the right commodity at the right time in the gas assets...

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18/02/18

12:55

Post #: 31137550
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Originally posted by Large Portions ↑

Patience Orion ! As I have already mentioned in other threads, it is best to look at the entire big picture. Income pouring in ? Well lets look at the Contra : Costs are pouring in as well, it is the nature of the Phase we are in.

Bottom line is until a Company (any Company) can return a Net Profit, it is basically a risky company. Regardless of all the positives in our Company, we are only now just starting to earn good coin, this needs to be demonstrated over a period and viewed against all Costs. Over time. This is a key factor, linked to Capital Structure and SP.

I happen to think we will do well, but I go back to the first word in this post : Patience !

GLTH

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Ajq have the right commodity at the right time in the gas assets and contractual agreements. The Management have achieved this in good time with a limited budget through IMO, a greatly reduced purchase price of Kincora. But, as you say LP, ongoing costs will determine how successful AJQ become, with a different style of Managing now required. So far, so good. GLTA.

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