AZA anzon australia limited

"(Oh and the 12.4% stake in NXS is now worth $135 millionNow a...

  1. 23,467 Posts.
    lightbulb Created with Sketch. 110
    "(Oh and the 12.4% stake in NXS is now worth $135 million

    Now a divvy has to almost be a possibility if no takeover targets emerge . )"

    Bello,

    With all that cash in the bank, the ongoing revenues for the oil sale, plus the oil reserves and the 12.4% holding in Nexus, one has to wonder what the real price of the shares should be.

    IMO, unless AZA decides to sell NXS, which I think it would be foolish of them to do so, the NXS holdings could provide someone big out there to do a first step towards a T/O for AZA first and then NXS down the track.

    Buddy
 
watchlist Created with Sketch. Add AZA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.