I just got back from Sydney, so I couldn't reply to your post sooner.
IMHO, to buy now, it is as good a time as any.
Because, if you look at the figures below, AOE is hugely underpriced/undervalued.
"(Trading multiple discount: AOE is cheap on EV/3P trading and transaction multiples. AOE’s EV/3P trading multiple of $A0.24 /GJ is below the industry average of $A0.65 /GJ, the “small and mid” company average of $A0.34 /GJ and the large company (STO, ORG and AGK) average of $A0.85 /GJ.)"
AOE has huge reserves and IMHO, it possibly holds the largest in Australia. I do remember the price being in the high$4's too, (being in in since it was around the 40 cents mark).
But these are only my ideas and, please DYOR.
Buddy
AOE Price at posting:
$2.77 Sentiment: LT Buy Disclosure: Held
