I torched the last of my holding but I had to force myself to do it. I had something else which I think will be a 10 bagger (or at least 5) so I switch the cash I got out of AZZ into that but I took a nasty hiding.
It will a slow torcherous climb back for AZZ I think. I'll watch it and maybe if they fix up their other troubled wells I'll come back but my defensive story I kept telling myself blew up.
The defennsive story is they had near on $8M in revenue from their producing wells except it took a while for them to tell us that all but one well (Outlar) had turned to shite.
Revenue is $1M+ which is a disgrace given what they have spent in time and money. That actually pissed me off more than JF-1
- Forums
- ASX - By Stock
- AZZ
- big things to come
big things to come, page-8
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares