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10.0¢ armour energy limited

Ann: PESA Conference Presentation, page-10

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10,625 Posts.

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18/06/21

14:33

Post #: 53926847
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Originally posted by Mundus ↑

I think whether you sell down via a farm-in or JV, or spin the assets out, it's the same outcome - you end up diluting AJQ's interest in the NT - under the current proposition, the existing shareholders will end up with a third of the NT assets and have the ability to subscribe for more in the IPO. The company is clearly doing this to wipe out the debt, which is far too much for a company of this scale and represents a real existential issue. Everything else for the company is subordinate to this IMO

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2 Green days in a row

Oh no the manipulators will have to put a stop to this !

Tenstars out of 10 for performance so far

AJQ Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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