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10.0¢ armour energy limited

This is getting totally manipulated.

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Stocks1

807 Posts.

64

25/03/21

15:27

Post #: 52039586
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Originally posted by Father ted: ↑

I share (and even encourage) the recent despondency surrounding the dgr stable, but ajq really are good value right now, assuming the MacArthur spin-out works as described. For 3.1 cents you get ~2 cents worth of MacArthur shares, plus a $40 million cash injection into ajq. What faith I have says these MacArthur valuation numbers have been run by some experts and are roughly achievable. Looking at their assets MacArthur compares well with other similar companies, so a listing @ $100m-ish seems plausible to me. Now for the execution... (of the plan, or of management...happy either way.)

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This is getting totally manipulated.

AJQ Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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