Not similar at all. AZZ got a value of 10,000 an acre based on their booked reserves and unbooked potential of some of their acreage. What it does tell you, if the sale goes through is that Permian acreage is in demand and Molopo should expect a doubling of it's sp with positive news. Unfortunately double 22 is still not very good for the long term holders.
As a matter of interest, I sold my holdings of AZZ a few months ago around the mid 40's to invest in MPO. Interesting the good news has only brought it back to the price it was then My plan was to make money on MPO selling out and reinvest it in AZZ. Too smart by half. :(
MPO Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
