I can only assume that as investors have read the most recent company presentation, they realised that AJQ will do absolutely ZERO field work this year. Which is a death blow to any possible catalysts other than the much hyped 'Farm-in'. Sorry, but I have seen this all before. I am not chartist, but the SP has fallen through every support level.
8-9 months before a well will be drilled.
I do not hold, but even I am annoyed they could not organised a work program this year, after spouting what they were going to do last year and early this year. The pay cuts were not enough either. Anyway, very prospective acreage.... just have to wait for it to be explored.
AJQ Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held