My thoughts are that they're trying to get as much done with the one cap raising as possible. They're expensive and time consuming, always leaving shareholders wondering. My hope is that once this last piece is finally completed, that'll be the end of it. From there, production will commence and we can be cash flow positive. Re using the funds for further activities, Armour keep their interests very quiet (until disclosure to asx). Who knows what they're actually working on at the moment, but I am always pleasantly surprised at what they achieve behind the scenes.
AJQ Price at posting:
8.5¢ Sentiment: None Disclosure: Held
