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
AZS Price at posting:
22.5¢ Sentiment: Sell Disclosure: Held