An explanation of the sale price received for their acerage - a great result when compared to other sales.
$7 mill received in sales so far this year (2.2m this quarter) so AZZ's income should cover almost all costs for the next quarter, including further drilling and subsequent increase in production that should flow from that. So it is a company that is making $.
But most importantly, it sounds like a deal is pretty much down to the final signing stage. I reckon a week or so (to ensure no talk of insider trading from directors) and we should have a deal.
And, still buy back to continue. Oh yes - $138 000 000 in the bank!!!
Cant see any downside risk here??? with plenty of upside.
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a really good quarterly
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