AJQ 0.00% 10.0¢ armour energy limited

update for newcomers to ajq - newsflow +, page-18

  1. 6,182 Posts.
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    Great post Clozapine (IMO) although not all that popular as a T/U will not register.

    IMO this company has great management, potentially great assets, and sufficient cash to carry out a clearly defined exploration plan. In spite of this it is a risk. It is a gamble with a potential large upside, but also a real possibility of failure.

    There is ATM nervousness wrt Equilibria 2 results. It was an expensive well and due to factors which have been discussed on this forum coupled with a bit of a time lapse between relevant announcements, the SP is a little shaky. Confidence does not appear to be high.

    However, Equilibria 2 results (even if they are not received as a positive) are not the be all and end all of the adventure. There will be much more to unfold before the AJQ story takes shape towards either medium to long term success or failure.

    All IMO only.
 
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