AJQ
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3.13% 3.1¢ armour energy limited

"Refinance Assets" - they could decide to sell and lease back...

  1. shadow1
    127 Posts.
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    06/06/18
    11:35
    Post #: 33527104
    "Refinance Assets" - they could decide to sell and lease back assets to free up capital to repay the Convertible Notes.

    The latest number of convertible notes I can see from the financial statements is $38.5m so there is still capacity to issue another $6.5m. IMO there should be no need if we ramp up gas production. At 15%pa they are relatively expensive.
    AJQ Price at posting: 8.9¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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