Diffinately a step in the right direction, looks pretty good value at the moment. The only thing that may keep the SP surpressed in the near term is the fact that Patersons has underwritten the cap raise. They are cap raise dumpers from way back, always happy to offload for a 1 or 2 pip profit. Best case scenario for shareholders would be that it is fully subscribed and they don't end up with many. I might look to jump back in after the new shares come online. Anything around the 2 cent mark would be great value IMO.
AZM Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
