AJQ 3.13% 3.1¢ armour energy limited

And we have a capital raising..... Management probably have some...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,189 Posts.
    lightbulb Created with Sketch. 11
    And we have a capital raising.....

    Management probably have some great results coming and so will raise cash now at a decent price and then release the exceptional news afterwards....... probably funds to drill additonal wells followng the exceptional flow rates seen thus far???

    If not, our share price will most likely hit reverse.

    So what do shareholders prefer, reducing debt or being diluted?

    As we are generating cash and are cash flow positive, I am leaning more towards debt than dilution although we are paying a high price for our loans.
    Last edited by r36snowbound: 08/08/18
 
watchlist Created with Sketch. Add AJQ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.