I wonder how many really know what the problem here is with Azure???????????...... its called revenue, yes I will beat that drum yet again... constant CR's are going to be the future of Azure as it always has been, the consolidation confirms my biggest fear, the ability to dilute the register even more... big boys like Tony getting paid with shareholders money...
I think Azure is in trouble if they dont bring something sustainable to the table soon that will show serious revenue with a accurate time schedule... If they go to the shareholders for a CR I can guarantee you that it wont get filled... this is the same old story it has been for years, over a decade... I actually admit that I feel like I have got this wrong this time... thought Azure was changing its direction...
Market will punish Azure for some time until they secure revenue.... it doesn't matter how good the tenements are, couldn't care a less if there was endless tonnes of gold or alike in the ground, aint worth sheet until its produced...
This company is failing to bring shareholder wealth... long termers are going to freak with the ongoing CR's on the lead up to revenue if that ever does happen...
Alacran results due, dont think its going to matter... investors want to know where the next injection of cash is coming from and at what dilution to the register... its that simple... it really is...
AZS Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held