AZS 2.27% 32.3¢ azure minerals limited

I cannot understand how anyone would interpret events at Sara...

  1. 1,407 Posts.
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    I cannot understand how anyone would interpret events at Sara Alicia as ‘good business’

    The company spent millions looking for such a site, performing due diligence on the purchase and conducting a drilling campaign. There is very large sunk investment here.

    Exploration results at Sara Alicia never impressed the market (to the contrary, the shareprice generally fell on the release of assay results) and afaik the company has cut its losses and will not complete the previously announced schedule of drilling

    To paint the decision to cut losses and walk away as a victory and example of ‘good business’ is disingenuous imo. I cannot understand how one can interpret this as anything other than an expensive failure
 
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