I sold out today Three reasons: 1. Oposura economics are dubious...

I sold out today

Three reasons:

1. Oposura economics are dubious (gappy and discontinuous, grade and size at lower end of expectations)
2. We’re entering slow newsflow period and shareprice is likely to weaken
3. Increasing probability next cap raise will occur at a significant discount to the current price

I’m struggling to see much upside in the near future. In my experience, in the absence of an obvious positive catalyst, AZS only moves one direction - down.

I’ll be watching the QR next week with interest.