Teck wouldn’t necessarily exit Alacran simply because they didn’t hit pay dirt on their first sweep through the area.
They are not a penny dreadful speccy operating on the smell of an oily rag. They will explore the tenement thoroughly and methodically
Besides, it makes sense for Teck to spend the full amount under the terms of earn-in agreement to trigger an ownership stake on Alacran. It would make zero sense to pack up stumps at this point
Anyway, there was some hot money leaving the stock today on the back of the reporting delay. Sad to still be beholden to events at Alacran. Tony needs to do a much better job communicating the value of the other tenements.
And yes, let’s hear an update on the TSE listing. No more carrot dangling Tony. The market is wise to the never-ending smokes and mirrors games at this point.
AZS Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held