AZZ
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0.00% $7.50 antares energy limited

Ann: Chairman's Letter to Noteholders, page-156

  1. damascus
    182 Posts.
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    05/04/16
    08:58
    Post #: 17421928
    What can you buy for $1-
    "In Australia, it can buy you a mine that just three years ago was valued at $860 million. Brazilian miner Vale and Japan’s Sumitomo Corp have just sold the Isaac Plains coking-coal mine in Queensland to Stanmore Coal for a single dollar. Sumitomo bought a half stake for $A430 million in 2012."

    It took the coal price a couple of years to halve, it took the oil price 12mnths to halve to $50 then just 3mnths to halve to $26 all while we are trying to sell these assets. What do you think that does to prospective buyers and valuations , bank lending etc.
    AZZ Price at posting: 50.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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