Bello
I think you are asking too much of AZA if you expect it to be substantially re-rated on current assets alone. Cashflow alone does not cut it when it comes to forward valuations. The market wants to see significant potential growth before it considers a decent re-rating.
The market would be hesitant to pay too much for AZA as it is cautious of production problems from their only asset, downgrades etc. How long before natural decline sets in and at what rate will they be able to maintain?
Without Nexus to prop up the price, AZA i think will not be worth too much more than where it's at now imo.
Very happy with Nexus performance as I expect you are too?
AZA
anzon australia limited
