Ann: Myall Creek Well 5A Spudded, page-22

And they all began the same way, first debt... then an income stream...then build up and consolidation... then profit. I buy at the exploration stage with all the attendant risks and enjoy huge profits if I'm right, and I usually am, although I currently have 1 real dog that became a dog thru the directors manipulations  .... others prefer to buy at huge prices ( most risk eliminated) and enjoy tiny profits.  I also bought a company that had no perceived risk at all with a Billion cash and huge resources … my worst buy ever... Bell Resources!!  AJQ is rockin' on with excellent management, very large proven assets, an ever increasing income stream and unlimited potential. Showing a nett profit at this stage of development would be a major economic miracle. Even by my (perhaps unorthodox) valuation and taking all things into consideration the shares should be selling at least at 20c however it is what it is and as buyers perceive it to be, me included.