And just to add - when Rio walked from Prom, Azure was flush...

And just to add - when Rio walked from Prom, Azure was flush with cash ($10+m iirc). The company says the next raise wont occur prior to completion of extension drilling in 2H.

This means these results (on which the feasibility of Oposura as a viable mine may depend) will land when Azure’s treasury is almost empty

I think this is a really bad time for Azure. I’ve been in and out of this stock for years and have never seen the company in such a perilous state.

And the trade doesn’t even really stack up as a binary risk-reward play either, imo. The perpetual threat of massive dilution and accelerated cash burn severely limits any potential upside