so you get MOG shares for about 2c, then what. AJQ has no debt...

First 6 Last

Share
Profile

Follow
RCee

1,093 Posts.

209

27/10/21

20:40

Post #: 57125524
Share

Originally posted by Access2020: ↑

MOG payment takes out debt. Investment in MOG almost equivalent to the pro forma EV. Very high potential of a negative EV here depending how MOG performs post IPO - it’s in a very hot sector with strong tail winds. I can’t find any negative EV stocks in Australian Oil and Gas - if there are please point them out.

The numbers stack up here regardless of performance and inept management. Huge mis pricing of this stock IMO.

I see this at least trending up to the gap at 3.2c in the short term and then higher as we approach the IPO. If the IPO is successful then we’re off to the races and I’d anticipate at least 100% return from present levels.

Options look good for those with a higher risk tolerance - all IMO and DYOR

<6 months to find out.

@StealthInvest here’s a short term trade for you mate with a very good risk v reward. Basically the market is pricing the remaining assets at or close to zero. I have funds here that says that discount is too high and will reduce. Take a look.

Expand

so you get MOG shares for about 2c, then what. AJQ has no debt but no cash , losing 2m a quarter plus gave away 50% upside of current frac.
AJQ will be .004-.005 after demerger and another raise on the cards before Christmas just to do something in 2022 but no firm plans.

AJQ Price at posting: 2.5¢ Sentiment: Hold Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

NUZ

Neurizon inks $1.5M loan against R&D Tax Rebate

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

HAR

Haranga jumps +7% on Lincoln acquisition

IXR

Ionic Rare Earths falls -7% as momentum slips on vague production update

Oz core inflation at 2.7%; August cut odds still unclear; ASX200 rises

First 6 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

so you get MOG shares for about 2c, then what. AJQ has no debt...

Top Stories

Neurizon inks $1.5M loan against R&D Tax Rebate

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

Haranga jumps +7% on Lincoln acquisition

Ionic Rare Earths falls -7% as momentum slips on vague production update

Oz core inflation at 2.7%; August cut odds still unclear; ASX200 rises

Featured News