AJQ 0.00% 10.0¢ armour energy limited

ev/acre emerging australian shale companies, page-9

  1. 1,208 Posts.
    heraclitus has been on my favorite posters for a while, which is reserved only for people who really know their stuff...so welcome aboard in my opinion.

    I would have thought this latest research made it pretty obvious that the IPO price of 50c (EV/acre of <$1 considering they have a lot more cash then, compared to industry average of $11) was certainly not overvalued by any stretch of the imagination and vindicates those that did buy at that price, but each to their own.

    I feel like I've only lost time, and certainly not prospectivity, and have managed to average down to around early 30's which I'm comfortable with.
 
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