You won't find me arguing that Aus management has done a good job. I agree that they have mishandled the company badly.
There isn't a point in criticizing the company for the terms of their debt outstanding (a negative opinion and a criticism are the same to me). They got what appears to be a market rate deal from OCP. And the fact is that even though debt is expensive, it's a lot cheaper than equity for AJL. The Kerogen debt was at lower rates, but Kerogen gave us a deal because they have a vested interest in the success of shareholders.
Regardless, none of what we say about the company's debt or management matters at this point. It's all about UK shale and all the pieces are falling into place there. We will be flowing wells soon, and that will give the entire industry a big boost. It will also give the government a great backdrop to make these projects nationally significant which will allow the industry to grow much faster than otherwise. This is all we had hoped for.
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.00M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 450104 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 1938013 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 450104 | 0.008 |
7 | 1755183 | 0.007 |
4 | 1245000 | 0.006 |
3 | 600000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 1938013 | 3 |
0.010 | 861278 | 3 |
0.011 | 135000 | 2 |
0.017 | 60000 | 1 |
0.019 | 12500 | 1 |
Last trade - 16.12pm 11/10/2024 (20 minute delay) ? |
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