Alacran drilling, page-23

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Cherrybar12

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20/11/18

10:12

Post #: 36567595
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Originally posted by salpetie: ↑

While I agree $300K base( not changed since 2012?) is on the high side it is only in hind sight that
Promontorio/Cascada with an option to Rio Tinto was not a company changer.
Sara Alicia - was always going to be a gamble with only such a small land holding but what grades from a cheap deal.
The Jury is still out on Alacran where Teck are spending significant coin to decide if they want back in or return what may be a small company Ag/Au maker to AZS.
Oso Negro - a cheap back burner acquisition IMO gains a lot from nearolgy, albeit 30+- kilometres from several similar Ag/Au deposits and the second largest Cu mine in Mexico.
Opasura whatever you or the doubters here think is potentially a valid mine that only time will show.
Who has created the above opportunities? Have many other similar outfits come up with better prospects and potential JV partners?- some but not many

Negative comments about management are relatively common on HC and some are probably justified. I, for one, wouldn't want to walk in their shoes when statistics are so against them to find and develop a mine. They deserve to be paid but the quanta nearly always seems too high and rarely goes down with poor results.

Investor/Speculator/Gambler/trader - this is the high risk end of the stock market and not for the faint hearted. AZS has lost me a fair bit but I still like their overall approach and longer term potential that is not totally within managements control - #45, trade wars, commodity manipulation, colds or flu for NY or Shanghai etc.

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Agree with your sentiments Salpetie (and consider your contributions to HC very valuable), however with 10+ years in the role and an inability to turn this company around, I feel that being 'unlucky' is no longer an excuse.
AZS Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
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Alacran drilling, page-23

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