Hi crackatoe,
I believe that the current downturn of oil from US$75 a barrel to now around US$52 a barrel is the reason why the shareprice has retraced.
The company and projects are sound but with the oilprice down nearly 30% of its hights you can expect the current weakness in all the oilers not just AZA.
If anything AZA would be in a better position then most and should see a quick bounche in its shareprice once oil starts to go up again.
With an ever tense situation in the Middle east this could be earlier then many expect imho.
The current cold weather in the USA also helps.
jojo
AZA
anzon australia limited
