AJQ 3.13% 3.1¢ armour energy limited

Ann: Kincora Project Reserves and Resources Upgrades, page-6

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  1. 1,189 Posts.
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    The value that the market is assigning to AJQ has me stumped.

    Our inability to break through the 10c mark beggars belief.

    I appreciate that whilst sales are good, profit is what the market wants and we probably need another two or three quarterly reports to better get a handle on costs, however, current market cap is around $40m plus the convertible notes.....Look at the acerage, the infrastructure assets and production ramp up profile.......cheap...cheap.....cheap.
 
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Currently unlisted public company.

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