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AMBASSADOR OIL AND GAS LIMITED (ASX:AQO) - positive change, page-18 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
AQO
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0.00% 27.5¢ ambassador oil and gas limited

positive change, page-18

  1. NegativeInvestment
    971 Posts.
    lightbulb Created with Sketch. 30
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    24/09/13
    12:20
    Post #: 12365117
    They have to commit to buying shares at a substantial premium or the deal falls over. Which seems a pretty big ask at the moment.

    We're already pretty much at cash backing, but the current cash burn is high for a company that has achieved nothing thus far.

    If they do jump on board, price will spike. If not, this could get smashed down another 4c or so.

    All IMO.

    Disclosure: I have a small long position; held very speculatively.
    AQO Price at posting: 14.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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