No bad news this end of the world striebs............well none that is evident.
The mid year market up-date recently published was not pretty at first glance , but it did contain some positive aspects moving forward.
Selling volumes have been small and therefore have impacted negatively on the s/p which to us long termers is a pain in the arse.
As has been stated before, this stock is tightly held so any panic selling or any tree shaking is going to have a more pronounced impact.
To quote (once again, sorry) the recently departed Nicholas Swan..................AJL for its very survival needs Cuadrilla to work, that I think sums it all up.
And given the business space we are in here down-under, and the current work climate of that business, I think Mr. Swan's comment is pretty well on the mark.
AJL's success, or survival hinges on shale gas in the U.K.
AJL Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
