Neither Alacran nor Oposura will generate a cent of revenue until well into the 2020s
This means hundreds of millions of new shares will be issued over coming years to fund salaries, admin, exploration and mine capex
One may choose to look only at the prospectivity of the tenements and ignore revenue problems. Such a person may then walk around the forum, mouth agape, scratching their head wondering aloud why the market has got it so wrong
anyway, for what it’s worth, with all the paid articles and corporate pressos Rovira is pumping out recently, it’s as clear as day to me that he’s goosing the stock up for an imminent cap raise
$6m@27c is my guess. Prob also an SPP to soften the blow for long suffering bulls
AZS Price at posting:
32.0¢ Sentiment: None Disclosure: Not Held