Just doing a few sums and i come up with with $360million gross profit a year for AZA. Thats using a AUS oil price of $110. Market cap for AZA is $400million which puts it on a PE close to 1. On top of this they have around $50million in cash after repaying loans and own 65.7million NXS shares with a value of $115million.
This is just so cheap. I wonder if BPT would want a crack at AZA. They have sold 20% stake in the project for $230million.
AZA
anzon australia limited
