Nice to have a number one shareholder who can finance this project but more importantly believes in the project.Clearly management with their 80 cent options see much greater upside in the share price otherwise they would have made the option price considerably lower. It is also in line with the options granted to the NEC (Alston) who came on board towards the end of 2014.They must be feeling extremely confident.
With the building contract into its third month of the 18 month building contract it would be logical to think certain things must be lining up.The potential doubling of production but also the surveying of the increased expansion of the tenement which may reveal a doubling of the resource. There is great upside at these prices .Worth googling our number one share holder and his company the Warratah Group, will make you feel a lot more comfortable now !!! The next 16 months should be really exciting for share holders, happy to have a strategic shareholding.
AXZ Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held