AJQ 0.00% 10.0¢ armour energy limited

I only researched about the company today after todays...

  1. 46 Posts.
    I only researched about the company today after todays announcement. Back of envelope calc and its worth way more than it's market cap as a result of today's announcement. Or more simply I have info today that I did not have yesterday is the reason I wasn't around @ whatever prices you posted.

    Proving a resource is a huge catalyst and the news hasn't soaked through to the wider community with a 1pm Fri announcement.

    Market cap minus cash on hand means this discovery is ridiculously undervalues; ~20mil or so? (~80m market cap - 60m cash). Once/if the extent of this resource is shored up with further appraisal, the SP will multiply many times again.
 
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Currently unlisted public company.

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