Agree with your sentiment, JC is heavily invested in this company and as per the last AGM he and fellow directors receive heaps more if the share price gets over $1. While at this stage this does not seems likely, we have seen on several occassions AZZ share placements go at a premium to the then current share price.
I will rule nothing out. Like many of you I too have been tempted to sell out, watching my holding deplete in value by more than I care to think about, but just cannot bring myself to do it, I cannot believe that the potential of around 30,000 acres in the Eagle Ford play is worth around 30 cents a share. I will see this out to the end whichever side of the coin it falls.
The above is my personal opinion only and I wish all holders the absolute best of good luck.
iceeee
AZZ Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held