I would've like AJQ to sell themselves a bit more but then again, I wouldn't have been able to buy it now for 23 ccents. I'm happy with my position with this stock and I will average down if it gets under 20 cents. I'm happy to wait. The catalyst I think will be the resource estimate for Glyde. Whilst it's hard for AJQ to sell themselves based on the flowrates, the gas find is good and it is worth something at the end of the day. Right now, the market is only valuing that resource at 10 million, bugger all really. And besides, which shareholder of this company is actually making a return on their initial investment? This is pretty much heading to rock bottom and the risk buying now dimishes every day.
AJQ Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held