I agree with your speculation Dalque.
The classically correct move in the circumstances is a convertible note issue at 10-15% converting to 125mill AJQ shares at 0.12.
There has been a paradigm shift in AJQ in the last month
Oil is near its bottom
China is stabilizing.
Aus is vastly safer to develop oil and gas than the middle East, Africa, Asia, Russia or a very green Europe
with anti fracking on the agenda.
I have a friend who has worked a long time in the Middle East. He said he has never felt such danger in the place. He doesnt think the old repressive regimes even in Saudi can hang on much longer. Young people and women have the internet. There is a high chance that even the stable regimes could go up in flames. See what that does for oil.
AJQ is in play.
The Chinese know the value of this super giant acerage in an uninhabited area with existing and planned pipelines.
We have an estimated 30-40TCF of resource.
I believe AJQ will exceed a dollar and if DGR has 200mill shares that gives us 0.50 NTA just from AJQ.
DGR is looking good
Waiken
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Last
1.4¢ |
Change
0.002(16.7%) |
Mkt cap ! $14.61M |
Open | High | Low | Value | Volume |
1.3¢ | 1.4¢ | 1.3¢ | $4.612K | 341.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 400000 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 236341 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 400000 | 0.012 |
6 | 553372 | 0.011 |
6 | 1192000 | 0.010 |
2 | 560000 | 0.009 |
2 | 970000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 236341 | 1 |
0.015 | 1144750 | 3 |
0.016 | 700000 | 2 |
0.017 | 670000 | 1 |
0.024 | 410000 | 1 |
Last trade - 10.40am 17/09/2024 (20 minute delay) ? |
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DGR (ASX) Chart |