Hi Guys - I am new to the AZA thread - but having seen the news and action today I bought in......I admit my interest was stimulated by the possibility of a vulture purchase on the basis of a 20% fall..... but then the accumulation action going on after such a fall - as compared to the usual bounce back , re-test and then growth...I thought...ah there is something more here than meets the eye.
Have I missed something - but here is an oiler with what appear to be excellent production values generating nice revenues and cashflows in first quarter (admittedly in a high price environment), substantial (growing) cash at bank and a stake in Nexus, which ironically has grown by 9% in value today - this has one got one way to go......
No wonder accumulation was going on - at p/e of 3 and likely to get smaller as revenues continue to increase - this HAS to be one of the best buys around - I'm not pumping by any means - but this has to be a major cash cow for any investor....as for Nexus - all cash and no revenues....but a growing SP...bizarre
This is one of those vulture deals that has very sweet meat - I wish I had more $.....
- Forums
- ASX - By Stock
- is this ridiculous value...
AZA
anzon australia limited
Hi Guys - I am new to the AZA thread - but having seen the news...
-
-
- There are more pages in this discussion • 1 more message 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 AZA (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