Sector Lead,
They lost millions by not taking the earlier deal.
This deal is less valuable than the $300M one, when you include the extra $26M that was spent when it didn't need to be. You really think NS & BS are worth over $166M, I don't, they allowed a whole host of BS leases to lapse, so they don't exactly rate them
You wan't to buy carry on, you won't get me buying it.
Yep the Breitburn shares have a nice yield at the moment, only the oil price is falling and by the time Antares drill a couple of wells there will be no cash left in the bank, so they'll need to start selling the Breitburn shares to fund new drilling, Don't forget they have $6M to pay in interest on the loan notes.
Simon, yes your AZZG will give you a nice yield for the next 9 months after that I'd be wary, I think they are being set-up so that on the reset Antares changes the term dramatically again.
LOTM
- Forums
- ASX - By Stock
- AZZ
- Congratulations
Congratulations, page-46
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AZZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online