Ann: Gas Production and Sales Update, page-15

Impressive, Hunter ! That would put you up around 1.5 to 2 million shares, sweet !

The biggest Armour Shareholder group are individuals holding parcels between 10k and 100k shares.

About half that number of Shareholders own 100k parcels or more, and I assume most of the posters here fit into this category. These 350 or so Shareholders own 90% of the listed AJQ shares, which indicates to me that the Shareholder base is owned by those wanting a nice big chunk of shares.

All these numbers do get diluted however when we factor in the unlisted shares / convertible notes issued by Armour. There really is a dilution component here - my hope as a listed Shareholder is they do not issue any more unlisted shares and actually buy these out / cancel these as quickly as possible from future profits going forward. I can only assume this must happen as investors will want repayment eventually.

I notice DGR has just issued a succinct Armour update, all good.

GLTH