Someone mentioned that the $29 million debt was holding back AJQ share price. That seems a tad strange to me for a company with $20 million/y income expected that is expected to continue to increase plus drilling new production wells. Should only 20% of the present income repay debt the company is debt free in around 7 years if it remains stagnant, which it is not about to do. I look to max 4 years to debt free by which time income and asset growth will be thru the roof.
AJQ Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held