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3.1¢ armour energy limited

Update Scientific enquiry hydraulic fracturing NT, page-59

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senderos

2,145 Posts.

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19/04/18

08:16

Post #: 32544220
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Originally posted by Large Portions ↑

Paying the Convertible Note Interest was not actually returning Capital to (some) Shareholders, they were meeting an interest repayment obligation that would send us bust if they did not pay it. But I take the point that they are in a position to pay from earned income, which is a positive step. Shareholders would be much more comfortable when / if the Convertible Notes are repaid in full and expunged as a drag on our earnings.

SEMS is correct re Armour paying a dividend to SH would initiate a terrific rise in the share price. This is because of what it demonstrates - ie a confirmed profitable company, not just a company with potential.

Ongoing Net Profit is our holy grail, it will absolutely skyrocket our share price. It must be delivered and sustained, but this is what we want, this is the key.

GLTH

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That's what NM always said, we want to get income streams from our subs, AJQ is def in the driver seat to achieve this goal.

Btw here is a link to yesterdays podcast regarding the NT fracking ban lift. It gets interesting from 33.30 minutes. Pressure is def mounting on VIC and other states.

http://more.skynews.com.au/podcasts/ticky-podcast/

AJQ Price at posting: 9.4¢ Sentiment: Buy Disclosure: Held
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