"(So, now NXS would need to satisfy itself that having $30m-odd of capital tied up in a company which they cannot hope to control, is a judicious use of their shareholders' funds.)"
BH!,
It is not the $30 mill.odd that NXS has invested in AZA, it is that the amount is about 20% of AZA, and that it is going to be run totally independent from their (ROC) operations. CASH AND ALL.
IMHO, ROC cannot take the cash out of AZA and redirected into ROC, simply because they will be run as two totally different entities. They can declare big dividends, if they want to get money out to themselves, but we will then benefit from that too.
Also, make no mistakes that no Company would like to have a 20% shareholders breathing down their neck all the time, and 20% can mean many things down the track.
I think that ROC is getting a bargain and NXS will be there to make sure that AZA will be running properly.
On the other hand, when ROC will see that big money will come in from future operations in the AZA holdings and tenements, and most importantly things will be settled down, like some months down the track, IMHO Roc will pay the remaninig shareholders what the real value of the remanining shares will be, to get full ownership in order to incorporate it with their other operations.
Please DYOR.
Buddy
AZA
anzon australia limited
