Forged - nice annoucement today regarding the Rex Minerals contract pick up. This should position the company well moving forward.
I wouldn't be too concerned about this company folding - I am very confident that new funds will be injected. I hope, as indicated in their trading halt annoucement, that new funding access will be in place later this month.
The stock was overly sold down in a crappy market - my concern is that anyone could pick it up for peanuts. They are closely tied to NFC so there will be a number of suitors circling for a bite of this company. With a market cap of just $11.2M I would not be surprised to see a change of control occur.
This company has very good prospects once the funding issue is sorted. Market conditions can change quickly.
AZG Price at posting:
3.6¢ Sentiment: LT Buy Disclosure: Held
