The regulars on this forum are more or less the only active shareholders. We know this is not the time to sell.
Yet, also today a relatively high turnover. Who would sell right now? It doesn’t make sense. It’s no one of ‘us’ at these numbers.
It is sheer manipulation to keep the price down.
The other issue remains the financing. Clearly there is interest in the drilling division. Ptobavly even by more then one party. Mitchell just tried their luck. Probably offering a fraction of what they received, for double what they sold (at the time ajl drilling division doubled in size).
But, clearly, there is now little risk in financing ajl, as the value of drilling division as collateral covers the losns.
Which leaves only one question: why do we pay 21% interest?
I refer to my ‘man in a suit’ posting.
But it is highly debatable, and Phil Arnall has a responsibility to all shareholders.
AJL Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
