making some observations. don't get too defensive! my calls on BRU and LNG and LNR have been correct. just highlighting some information that appears to be glossed over by the bulls and improving the general education of this forum.
by way of example: you are all latching onto neighbouring transactions as basis to maintain your faith in AZZ. yet Northern Star and Big Star are undeveloped ie no production, no reserves and thus 0% HBP. this compares to the W&T ground just sold that as of mid last CY was 85% HBP, had +38mmbbls of 1P, 47mmbboe of 2P and 3400boepd of production....and just sold for $14500. I'm sorry to say, I can't see why AZZ's land will go for anywhere near to the US$13k/acre implied for Big Star and US$11K/acre for Northern Star.
hope you have done as much research on your other 'shirts'.
- Forums
- ASX - By Stock
- AZZ
- Is James going to the Big House?
Is James going to the Big House?, page-4
-
- There are more pages in this discussion • 8 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
Add AZZ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online