with 66 million cash nexus must be a target be, page-13

A good dream jbp

It is a shame BPT sold out of AZA holding sometime ago.

If BPT merged 1 for 1 AZA,
BPT would quickly spin off more % of BMG to finance the new Egypt purchases.
my thoughts only


THE MARKET CAPITALISATION OF THE COMPANY IS NEAR $500MILLION YET WE
HAVE BUILT THIS WITH ONLY TWO CAPITAL RAISINGS, THE IPO OF $45 MILL
AND A BONUS SHARE ISSUE OF$21.5 MILL. ACCORDINGLY THE UNDEVELOPED
BMG ASSETS PROVIDED BY ANZON ENERGY HAVE BEEN CONVERTED TO A
HIGHLY PROFITABLE OPERATION WITH ONLY TWO APPROACHES TO
SHAREHOLDERS FOR FUNDING AND WE ARE EFFECTIVELY DEBT FREE.

THIS IS A UNIQUE AND EXCEPTIONAL ACHIEVEMENT WHEN YOU CONSIDER
THE NUMBER OF TIMES OUR CONTEMPORARY COMPANIES PURSUE CAPITAL
RAISINGS AND THE MAGNITUDE OF THEIR DEBT FACILITIES.

ALONG THE WAY WE HAVE ENTERED INTO SOME EXPLORATION VENTURES
AND HAVE AN INVESTMENT IN NEXUS ENERGY, WHICH IS A SUBSTANTIAL
LIQUID ASSET.

DESPITE HAVING ACHIEVED PERFORMANCE NOT PREVIOUSLY SEEN IN OUR
INDUSTRY THE MARKET CONTINUES TO VALUE OUR SHARES AT A LEVEL
BELOW WHAT HAS BEEN DEMONSTRATED BY THE OPEN MARKET PRICE OF
OUR INTEREST IN THE BMG JOINT VENTURE. PRICES PAID BY ITOCHU AND
SUBSEQUENTLY BY SOJITZ FOR THEIR INTERESTS IN THE BMG JV REPRESENT
A CLEAR UNEQUIVOCAL VALUE FOR THE BMG JV WHICH ALONE REPRESENTS
A SHARE PRICE FOR ANZON ABOVE THE CURRENT LEVEL; THIS IGNORES
EVERYTHING INCLUDING THE NEXUS INVESTMENT.