I don't see the share price as a proxy for our chances of...

I don't see the share price as a proxy for our chances of success in this venture. There is no link between the two. The free float is relatively small and the swings in the share price are not justified. 

IMO the share price way undervalues the potential value of Cuadrilla by a order of magnitude. Cuadrilla has a producing gas well already. It has been producing gas (and cash) since about 1994. It was drilled and fracked etc using 1994 technology. It is only a vertical well. But it is still producing gas and cash 25 years later!!!

IMO opinion this is THE BEST opportunity to buy shares in AJL. If the share price drops further then all the better for those who have cash to invest

MB