harrison 1, page-9

Sue12:

A fool and his money comes to mind......

IF you think that AZZ is UNDERVALUED with a market cap of say around $150 million +/- and that $16 million in notes with basically no production and a cash position that must now be around the $10 million mark......

Then what is the VALUE of ARQ with lots of production, $60 million in the bank, better prospects for drilling than AZZ, and exposure to SL and NT through ADI?


How about NXS? Twice the market cap, 4 times as much cash, and known assets, with more drilling sites as well?

I'd say that AZZ is over valued compared to ARQ and NXS or that the other two are under valued.....