AZS 2.27% 32.3¢ azure minerals limited

Ann: Oposura Mineral Resource, page-49

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  1. 1,407 Posts.
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    AZS’ shareprice rose a cent after the resource estimate landed but this only lasted an hour or two. Price down today and volume virtually non-existent. The market was clearly underwhelmed by yesterday’s ann

    Corporate treasury should be somewhere around $4-5m now and the company is burning through $1.8m cash per quarter.

    Obviously there’ll be another raise in the next few months. In the absence of rerate catalysts between now and then (which I don’t see) Tony may be forced to raise low. Price could fall significantly from here over the next 6 months imo
    Last edited by Mossberg: disclosure should read ‘not held’ 05/07/18
 
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Currently unlisted public company.

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