Bought a few of these in the end, I think the fleet value is going to be a function of the FiFO market anyway so if things stabilize in the mining sector as they seem to be doing then the fleet will be worth more than just the hours left on the engines, I think a lot of companies that survived the mining bust will come out stronger and better prepared for the future, the new revenue streams being created also diversify the company if things go sour, anyway cash is king and aqz seem the be generating enough to keep the lights burning even if the mark to market value of the fleet is a bit unclear...
AQZ Price at posting:
79.0¢ Sentiment: Hold Disclosure: Not Held
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