Australia's largest stock trading and investment forum Australia's #1 stock forum

AJQ

Click for more information

0.00%

10.0¢ armour energy limited

You really think shareholders would really benefit from a good...

First 24 Last

Share
Profile

Follow
seuss

9,581 Posts.

779

19/08/23

21:55

Post #: 69437536
Share

Originally posted by orion123 ↑

In about 100 days (ist Dec) Armour Energy will receive $12/GJ compared with a current (I think) $6.96/GJ . The volume of gas production is continuously increasing and the Ottway well spud in is announced to be within 12 months. The McArthur deal is lurking in the shadows and new gas areas have been awarded to Armour in Qld. There's been a very significant reduction of debt. Uganda exploration beginning, Imo this is to locate a drill site. So with all this that I consider positive the SP falls ~20%. Then we have the Chinese very generously offering us .005c in the $ for our shares which makes me wonder if one of their pre school children is in charge.
The seller imo @ .092 is either a FW or has a pot full of money to attempt a stock manipulation on a grand scale.

Expand

You really think shareholders would really benefit from a good profit? I'm sure the same board can spend any decent profits and squander it all then start again

AJQ Price at posting: 9.2¢ Sentiment: None Disclosure: Not Held
2 Upvote

1 Great analysis

Reply

There are more pages in this discussion • 3 more messages in this thread...

First 24 Last

Add AJQ (ASX) to my watchlist

SPONSORED BY