By electing to pay the convertible note interest in cash rather...

By electing to pay the convertible note interest in cash rather than by issuing more equity, AJQ have, in effect returned capital to holders.

With the NT government's decision yesterday, AJQ are again now able to explore/exploit a significant amount of territory, so I'd be expecting them to raise capital rather than return it.

AJQ's performance since recently issuing capital at 7.6c has been quite impressive, and as a DGR holder I'm looking forward to continued expansion.

The quarterly should confirm income production and there is still upside to potentially come from the LKO decision.

I'd suggest that a takeover is unlikely, particularly if SOLG is taken out.