AZZ 0.00% $7.50 antares energy limited

76c price target., page-4

  1. 5,038 Posts.
    lightbulb Created with Sketch. 454
    I've just read the report, all be it briefly.

    They value the Eagleford in the report @ $40,000 an acre.

    Antares sold the rest of it for $8,600 an acre!!!!

    They got $160M for it, going by the report, if the company had carried on in the Eagleford it would now be valued at $750M.

    In other words the move has cost shareholders $600M. Less the increased value of Southern Star ($220M-62M = 160M) deduct all the losses at BS and NS so far add back some lease values and call the total gain $200M tops, thus $400M has been lost for shareholders!!!!

    Says it all really

    LOTM
 
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