I respect your opinion a lot, and I’m happy to keep these discussion topics separate if that’s what you want
But one must surely recognise at this point in the game that outcomes of ‘drilling results’ and ‘finances’ are interwoven. One can not understand the one without also understanding the other
A couple of forum members expressed surprise and disappointment that some Ok drilling results were merely treated as a convenient liquidity events by many current holders and sold into.
‘Why did this happen?’, they asked. ‘Why are holders dumping their shares into any small rally that eventuates? Is the market crazy?’
No. The market is not crazy. Concerns about company finances (in particular, fears about quantum, price and timing of the upcoming CR) have spooked people
Uncertainties and fears about the looming share dilution are overshadowing drilling results are pushing down the shareprice
Tony needs to act now. And I think he will. He tends to spring the trap shortly after the release of assays. I think he has badly mistimed this raise but think it’s inminent nevertheless
AZS Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held