I was banging my forehead on my desktop and saying....""HERE WE GO AGAIN.."",,, when Wall St., got obliterated on Thursday night, our time...!!
A negative 198 point guts-kicking, leading us into a Friday, which are rotten anyway, with the DT's and small margin traders unloading for the weekend..!!
We are all aware that possible good news is pending, however, we've had that situation before, and it has never managed to save us from the backlash.
My watchlist was a sea of red, and it's a long list ..!!
BUT, this time, AZZ advanced strongly, in defiance of it all !
To me, it's a positive sign that its market recognition is gaining momentum and solidarity.
The different broker recommendations are possibly beginning to filter through, by attracting the less speculative investor...." mums and dads,, etc. "
The course of sales would tend to indicate that also. !
EVEN the current SP level, is not sufficient to cover the potential EPS conversion to sector average P/E, from the Oyster Creek project-field alone..!!
Then, on top of that, there's Garcitas Ranch, New Taiton,,,, etc...etc..!
I'm quite sure that even the most conservitave bean-counters around, would give AZZ's share price a mile of room to move YET..!
Wall St.. did recover 157.6 points last night, so that's a storm passed over, and a better outlook for the start of next week !!
Glad that this thing is moving..!!... I'm running up a big bill for bic-biros and A4 paper with this stock....lol..!!
Hold onto your tickets,,, it's OUR turn to ride ...!!!!!
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Simon Kidston, Non--Executive Director
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