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AZZ antares energy limited

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New Lone Star Letter, page-7

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tilleydog

1,160 Posts.

06/07/14

13:08

Post #: 13618059
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Originally posted by Sojourner ↑

"I'm sorry folk's, but who accepted the $300M offer in the first place? err the existing directors"

But when the facts change, then you are entitled to change your opinion.

If AZZ enters into an agreement but has an option to cancel before it is settled, and then subsequently sees the efforts of both its own work and work done by its neighbours achieve results that suggest its asset is worth substantially more than what they initially thought it was, then they would be a fool to ignore all that information and not to take up the option to cancel.

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Hi sojourner
if the asset is "worth substantially"more why hasnt either the sp increased or someone made a takeover offer?
seems to me that the market doesnt think it is worth as much as the directors of azz think

AZZ Price at posting: 53.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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New Lone Star Letter, page-7

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