While Oz dollars falling and will even further in the near future, bodes well for ASIC and more profits for Goldy....
The new investor saw the trend and confirm the value of AZM so the $17m funds investment....
Right issue completed and fully underwrite so another $2.3m at bank...
With 2.1m OZ gold JORC and MC at $12m and $3m cash at hand plus Non dilution $17m funds deal secured, don't be silly to sell at this price level.....
Adds: AZM give it's holder Right issue opportunity so if you take more, it is not called dilution, only if you refuse to take more but other choose, so your holding get diluted.....
Imo, both AZM and it's little brother CDT are going to appreciate substantially. ....
I am think to pick up some AZM when I got more funds and if some stubborn one refuse to see the picture clearly.....
AZM Price at posting:
2.2¢ Sentiment: Hold Disclosure: Not Held
