Yeh, that’s the gist of it. The fundamentals of current projects may ultimately speak for themselves. Or they may not.
But in the meantime it’s the job of the MD to excite the market and shepherd new capital into the register.
An MD who loses the confidence of market can no longer perform this important function. He ceases to be a leader of the company and is simply a glorified and over-salaried mineralogist.
AZS Price at posting:
23.5¢ Sentiment: Hold Disclosure: Held