AJQ 3.13% 3.1¢ armour energy limited

Ann: Armour Energy to Receive $6m in Gap Grant Funding, page-9

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  1. 1,504 Posts.
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    Orion, I'm still thoughtful that we are being held in a tight channel. Why I can only guess at, however each time we attempt to move the sp higher, we are are balked by smallish sell bids.
    I still can't shake the fear that another takeover attempt will come, possibly following a decision on NT fracking permission.
    According to the last announcement, our current revenue is $24M/A and we are intending to increase that to $53M (@ 20tj/d).
    I can't find any other reason why our sp isn't increasing.
    I'm suspicious that those millions appearing on the buy side are being drip-fed into the sell side to achieve a particular vwap.
 
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