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10.0¢ armour energy limited

There’s no money for Enterprise work in this CR. It’s just a...

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Stoneology

100 Posts.

18

28/03/23

22:52

Post #: 67009047
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Originally posted by junior101: ↑

I think any capital raising should logically coincide with the drilling of the Enterprise well.

It will be a lot easier to satisfy any "cornerstone" investor demands with a re rated AJQ share
price on the basis of drilling success/outcomes similar to Beach. Hence, the prospect of having
to issue only around maybe 500 million shares as against billions as it stands at the moment.This
would make far more sense given that there is an estimated better than 2 in 3 chance of success.

Cheers.

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There’s no money for Enterprise work in this CR. It’s just a notes swap for the boys, @10% a year*3. Just classic Nick at work. He’ll keep squeezing the lemon. Rest assured of that.

AJQ Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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