I have not really researched AZA (researched BPT to death!!!) so I cannot say whether, at its current price, it has more legs to move higher.
Yes, there is a risk that these approaches will amount to nothing. But:
a) where there is smoke there is always fire; and
b) the Press Release said "suitors". Is this a consortium of buyers or multiple buyers? If multiple, they could start a bidding war.
In any case, I do not have any cash to invest further and am happy to see the run up in BPT (where I do have a substantial amount of cash invested).
IF IF IF AZA is taken off the ASX Board, then former AZA investors will need to park their money is another oil/gas company. BPT would be a logical choice for them (given the 2 similar assets they both have) to invest in!! Would Anzon Energy Limited use its money to invest in BPT (and ask for seats at the Board table) - now that is an interesting thought - that would IGNITE the BPT share price (forget about a POP)?? But I am getting ahead of myself here (remember IF IF IF)!!!
As always:
These are only my random thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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Last
$1.18 |
Change
0.005(0.43%) |
Mkt cap ! $2.680B |
Open | High | Low | Value | Volume |
$1.18 | $1.19 | $1.15 | $9.820M | 8.392M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 20075 | $1.17 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.18 | 37564 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 20075 | 1.170 |
7 | 176714 | 1.165 |
6 | 95031 | 1.160 |
6 | 148065 | 1.155 |
22 | 260738 | 1.150 |
Price($) | Vol. | No. |
---|---|---|
1.175 | 37564 | 3 |
1.180 | 180499 | 8 |
1.185 | 184486 | 7 |
1.190 | 20000 | 1 |
1.195 | 66026 | 6 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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