Shareholders can only be sceptical in regards to the E.O.I offer.This would appear to be
nothing more than a "throw away" left field approach to the company when at it's lowest
operational point.! AJQ really has not even started to develop its vast portfolio..with current
post consolidation capital value at only around a weak $12-$14 million.
To make my point active gas player TBN' which only has permits in the N.T, currently has a capital value of
around $200 million and still in the exploration stage with highly motivated management.
So , even unrealised, the take over value of some of AJQ's assets would be very substantial.
The N.T acreage on its own would have to be worth multiples of any silly offer at current
s/p range that may cross the Board's desk...
Cheers
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