AJL 12.5% 0.9¢ aj lucas group limited

The way to get out from under the debt is through execution....

  1. 321 Posts.
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    The way to get out from under the debt is through execution. Extracting gas is what is going to help us most. That will boost share price to a level where debt is an afterthought and a raise is not nearly as dilutive.

    The reason the debt carries a high rate of interest is that ajl was a poor credit. I don't get the point of complaining about it. We're paying market rates for a company with a terrible balance sheet but with promising assets. We'll get rid of it as soon as we get some credit for success in the Bowland.
 
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Last trade - 15.26pm 11/09/2024 (20 minute delay) ?
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