Downer, page-29

Company treasury now down to ~$1.8m. Another raise presumably occurring in the next few weeks. But Azure hasn’t held an accretitive CR for years. Without exception, everyone tipping in money gets burnt

And the market knows it. So why would instos & sophs clamber over themselves now to throw more wads of cash at Tony? The company will need to juice up terms imo - ~30% VWAP discounts, oppies, etc. they might need to get creative

But where there’s a will there’s a way. I personally believe Tony is determined to get this mine built, come hell or high water. It would be the crowning achievement of his career, and give meaning to his fruitless decade long wanderings in the deserts of Mexico.

As a CEO of a producer, he would also command an even greater salary than he currently does

Where do current shareholders fit into his grand vision? I don’t know. Its perhaps worth noting though that management have a very small shareholding. They profit via their the remuneration.