I was trying to think of a few reasons for the recent drop in share price and came up with a few like the drop in all ords but Armour doesnt generally trend with this. Drop in oil and gas commodity price, fair enough but Armour was already undervalued and similar stocks hadnt recieved such a bashing. Lack of news on Yallourn well but ajq dont have much invested in this and no big deal if nothing comes of it.Then I began to look at the registery and majority shareholder DGR are doing it tough paying employee salaries and are currently doing a SPP. Prior to this it was noted they were selling down assets ( shares ) seeing as Armour was doing ok. Im thinking they may have slowly driven SP down to where we are, trying to raise funds.. The lack of buying interest at the moment would only have added to the effect, I havent checked yet but if anyone were to check the latest top 20 shareholders registry on linked services. Maybe this could be verified. As I believe reasons for recent SP movements are unjustified to the extent they have gone and value of Armour stock remains unchanged in my opinion from 6 weeks ago. Price has dropped dramatically on extremely low volume
I was trying to think of a few reasons for the recent drop in...
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