If you look at the quarterly its pretty simple. The company was down to under $1m in bank, and the licenses were due which was about $400k in fees. Too skinny. The placement was done to good holders which I totally support and they will be the sort of investors that buy more on the way up and spread the story which will help all of the shareholders. There was ample opportunity to buy the stock for the weeks leading up to the drill results. I wouldnt waste the energy.
AZM Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held