Read his report about AZZ. He valued them at $250M just before they went into administration. The administrators said a few weeks later market valuation wss around $1M.
I really think he has missed the mark again here. Tomorrow the quarterly report will show dwindling cash and increasing debt. Without a viable project, i am extremely interested to see if Strachan makes it 2/2.
Ann: Smelter Arrival Update, page-46
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