Alacran drilling, page-37

I notice there have been cross posts while I have been typing so apologies.

Thank you for your detailed response Soothsayer.  

I have considered reporting the majority of posts on this and other threads for being off topic.  This is a thread on Alacran and like many others has been hijacked to consider other important issues about AZS.  Important but to many boring because of the repetitive nature of the pro and con arguments.  As has been suggested before a separate thread for these issues might be useful.  I will start one and suspect many would appreciate it being used appropriately.

I don't consider you have directly addressed some (probably all) of the issues raised.  Perhaps because I see things from an exploration geological background rather than a "bean-counter's" or ? perspective and there is a vast difference.

A specific example where the reply fails IMO is:   Opportunities - your response is how much the salary and dilution were.   Whereas I am talking about drill ready prospects that, yes, do require the money to do work but are potentially value accretive to AZS.  TR, and the board whatever they are paid and direct to be spent are actively looking for projects that could be positive for AZS.  

Another is $300K which I believe, TR's base salary.   I chose to leave out the additions that are very contentious.  

Bonuses for Mesa de Plata/LB, and Opasura are in the board's, and my estimation probably warranted.    The amount given though is very open to discussion - who decides and how much???  As an exploration geo  I see them as reasonable, if not great, "discoveries".

Options based on SP are carried on the books as a notional value until realised.    At current prices most are probably valueless. 

As I have said to you before AZS is an exploration company.  It is surprising that anything is ever accomplished by this sector of the market for all the reasons you and I enumerate above and other threads.

I worked in Mexico for a couple of years for a large Canadian company (INCO) who spent many millions of (1970s) dollars over 5-10 years with nothing to show for it at the end of the day.  They could "afford" the money and were willing to take the risk that there would be no return.  

Check out a company formerly called Geologix now Valoro to see one of the prospects (Tepal) we looked at.  There were others that might be worth re-examining with current technologies and mining techniques.  1 g/t Au equivalent wasn't much good in the 1970's so a 200m intersection of 0.25% Cu with some gold (from memory), from surface at Gallardo, disappeared into the databases!! as far as I know.  I consider AZS to be doing a reasonable exploration job in an extremely difficult economic environment

The passion you display in arguments about AZS in a strange way, to me, justifies the existence of exploration companies.  You can't win Lotto if you don't have a ticket and yet you choose to hold - probably more than me.