The company really needed to hit the ball out of the park with Oposura resource estimate to avoid massive dilution for existing shareholders later in the year.
Didn’t come close to doing that. Economics of this little patch remain extremely iffy. More dud holes in the extension drilling could sink the project altogether
The next 6 months are likely to be very bad imo. Slowing newsflow, dwindling treasury and a looming capital raise. Nasty stuff.
I predict 14c by EOY. I’ll bookmark this prediction and return then to see how close I am to the mark
AZS Price at posting:
22.5¢ Sentiment: Sell Disclosure: Not Held