AJQ armour energy limited

Ann: Notice of Extraordinary General Meeting/Proxy Form, page-8

  1. 1,636 Posts.
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    Orion...I agree with you in general but a 50 t0 1 consolidation at this stage without
    the company giving investors a reason to invest could be a massive misjudgement..

    So ,if there are currently few buyers at say 0.003/4c there will be possibly be same @ 0.15c
    on a consolidated basis based on current non performance..This is a classic consolidation
    effort set up to perhaps fail unless management "pulls a rabbit" out of the hat to generate investor
    interest.

    Do not forget that at around 15c/share AJQ starts to compete with say TBN, COI and COE coming
    off a very ordinary perceived operational base despite share consolidation....not hard to see a slip from
    anticipated consolidation price of say 0.15c/share to something below 10c plus unless the
    company really starts to perform.....

    Cheers
 
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