Both Beach's and Anzon's fundamentals are currently good. If a takeover predator drilled down on the fundamentals they would probably buy AZA at the current sp.
I believe there are currently a number of Australian investment banks doing the rounds trying to drum up business (fees etc) re: a takeover of either BPT and/or AZA.
However, they may keep their powder dry until the ASX March quarterly report is released (which is what happened when AZA bid for Nexus last year) to get production figures for BMG.
I believe AZA is a broken stock, not a broken company. As such, its share price has been crushed unfairly.
Once investors realise that, I believe they will gravitate back to AZA in force.
AZA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
