re: stake in nxs stake in NXS worth about 12cps to AZA at current price so even if nxs doubled in price the value to AZA will not be company making overnight.
The go ahead on a gas project at BMG will rerate the share price substantially more than any exposure to nxs current project.
Cutter drill also very important, good leverage with 15% and cutter is just one of several big potential drills in the acreage, good info on the area in recent awe presentations, but will be more of a long term affect if the drill is successful and not much downside on failure.
As stated previously, lot of things happening in the next 2 months to trigger a rerate on the share price.
SHORT TERM
. production start up
. gas project go ahead
LONGER TERM
. cutter potential success
. nxs gets one project going then progresses its other projects
On the negative side with share market as a whole under selling pressure there are a lot of people taking profits and a lot of companies currently trading well below NPV
Always good to see first production takes some of the risk away so fingers crossed.
AZA
anzon australia limited
