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10.0¢ armour energy limited

I agree with your concern about a consolidation and the...

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Sk1nman

4,700 Posts.

1050

07/07/23

19:17

Post #: 68680252
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Originally posted by junior101: ↑

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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I agree with your concern about a consolidation and the possibility of the SP dropping back post SP on no progress.

However I read a few of your posts were you keep comparing us to other companies based on SP which IMO is irrelevant as it’s all about the market cap which won’t change as a result of consolidation.

AJQ Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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1 Great analysis

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