AJQ 0.00% 10.0¢ armour energy limited

News: AJQ Armour Energy Ltd updates on capital raising program of up to A$40 million, page-10

  1. 1,149 Posts.
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    He's getting a 15% interest rate and full exposure to any upside in the share price, and ranks as top creditor.

    Same with DGR, we went from paying 15% interest to paying 15% interest and giving them a bunch of options (basically) as well.

    I'd take both those deals. Not even sure the cap raising will be at a discount by the time it comes around.

    Hopefully it's enough to turn it around; I'm really struggling to see the maths adding up at the moment though.
 
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