share buy back

Hi all holders.

Well it certainly is never boring with AZZ, that is for sure.
The deal has been done and dusted, (although money not quite in the bank yet). Whether the deal was good or not, well each investor can make up there own minds about that. It does get rid of an asset that they were having trouble realising the full potential of and gives them a heap of cash to work with in other operations.

I would love to see them use some of the cash to speed up the development of the joint venture acreage with Petrohawk. 110 wells would take 11 years to complete if they were able to drill 10 a year. I hope they don`t go chasing blue sky somewhere else, when they have so much development ahead of themselves in a proven area, with a reputable partner in Petrohawk. I`m certainly keen to see what the 8,000 foot Dilworth 1 will produce when it`s fracked.

Anyway getting back to the point of the share buy back. If i was in charge of the buy back, i would certainly not be releasing any information yet that i didn`t have to, thus being able to purchase the shares at a cheaper overall price, and therefore saving money for the company and its shareholders who continue to support the company. Infact while the shareprice is this low, i would love to see more than the 10% being bought.

I`m pretty sure that the buyback will be done quickly after the 15th and before the 45 days are up (for tax reasons) for AZZ to disclose their intentions with the money from the sale.

All the best to fellow holders, and maybe things will be a little better regarding our shareprice in another month and a bit`s time.

Regards The Tinhopper