AJQ
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0.00% 10.0¢ armour energy limited

Ann: McArthur Oil & Gas SEAAOC Presentation, page-3

  1. RCee
    979 Posts.
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    27/10/21
    16:43
    Post #: 57119909
    Don’t forget the AJQ debt. Need to add that to current market cap to get the ent value. After transaction AJQ is still a company losing more than 2m a quarter with no real prospects to change that soon.


    MOG seems good value but AJQ is headed towards New Peak and Aus Tin status.

    I should note I haven’t read the preso so not sure if they address that.
    Last edited by RCee: 27/10/21
    AJQ Price at posting: 2.5¢ Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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