AZZ antares energy limited
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Oil - The road to recovery, page-6

  1. pbawley
    1,882 Posts.
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    22/06/16
    16:18
    Post #: 18095412
    Well, I'm in no way saying this will happen, but IF they sold 20K acres at $15,500 per acre my calc is (after 100% conversion of notes), about AUD 88c a share. There are a fair few assumptions, I can post an image of my calc if you want it.

    Also, I'm using 20K acres, but not 100% confident of that, leasing running out, etc
    AZZ Price at posting: 50.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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