AZZ 0.00% $7.50 antares energy limited

highlights for the week , page-4

  1. 6,389 Posts.
    Geez, if you are going to hype or ramp, at least get your ducks in order!!

    Fact:

    "$200,000,000 cash ,transaction to occur on or before 15th December."

    AZZ is not getting $200,000,000. That is the total transaction.

    We don't know how much cash they are getting because of the mess with the 1031. IMO they'll get at least $25 million plus the amount to cover any tax due on that as well. If they were smart they'd also buy back the notes and get that off the books as well.

    "The infusion of capital now puts Antares in the enviable position of being able to select only those projects of the highest calibre in which to deploy resources."

    Again I doubt that as well. If going that 1031 route they don't have the luxury of time and their past record basically stinks.

    "But only trading .395 - .80 market value = 50%profit."

    Dream on. The market is discounting the amount of cash AZZ is going to get and their ability to invest it in a manner that will make up for past mistakes.

    AZZ at 40 cents IMO has little risk and the buyback should put a floor under the shares. Even with that some entities are selling which just goes to show that brains are lacking in many investors/traders.

    IMO AZZ is good for a short term trade and bounce. Anything after that will depend on what they do with the cash and the information about the remaining land which has not been forthcoming in in the past.

 
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Currently unlisted public company.

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