Clearly, the timing of the CR is disappointing but at the same time it has clearly been well supported
by existing plus some major investors .Also, the share dilution is something shareholders will also
be disappointed about but here is the twist .Beach had great success with their Enterprise well and
on discovery resulted in a give or take 60cent increase in share price at the time, based on their 60% stake in the well
At the time Beach issued shares were roughly comparable to AJQ i.e around 2.2 bill shares.
My take so far.....plenty to look forward to as any highly probable "discovery" drill success similar to Beach will
clearly result in a AJQ re rating even with the dilution...you do the numbers re potential sp appreciation even
now after CR possibly divided by 2.Still looks attractive....but as always my opinion only
Cheers
- Forums
- ASX - By Stock
- Ann: Half Yearly Report and Accounts
Clearly, the timing of the CR is disappointing but at the same...
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AJQ (ASX) to my watchlist
(20min delay)
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.31M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
AJQ (ASX) Chart |
Day chart unavailable
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online