Originally posted by Soothsayer
sounds a little desperate if you ask me... looks like they are near begging for some one to throw them a life line... might as well say they need $60million to get started, dont forget Tony and crew will want at least 10 million ++ just to do their job on the lead up to revenue... by the time they dilute the hell out of the register and actually make some money one wonders what you would even value the MC at, and what will the SP be hovering at by then...
pictures and words with another desk jockey pumping the project in hope that some one will rescue them... he says strong cash bank balance, what a BS statement, in this video he makes out $5million ++, yet we know its around $3million and dropping fast... money will be needed very very soon yet again... these guys know how to waste money.... In honesty I can see they want to sell it.... alot of outlay for a NPV of only $84million... by the time they actually get their sheet together and pay themselves fatter wages that NPV is going to be a joke considering what they would have spent.. bloody scary if you ask me...
all I can say is .... GOOOOO ALACRAN.... save us teck resources...
Not to interrupt such an impressively negative slant, but the fact is that AZS made discoveries that Teck had thrown away. It kept a back in right and lucky them!
That's the reason that Alacran is still on the prospecting map. Teck had basically withdrawn from Mexico. AZS did what an excellent explorer does: it made significant finds.
Teck wants more, it's looking for a significant Cu deposit. You do understand this, right?.
As for the rest...well, so many throwaway lines. But perhaps if you understood what stage AZS is at, and what makes them undervalued to address this.
The slant on the beach is funny. Holidays come around at the same time each year. It was an observation made in a particular context a year ago and cross referenced once this year. But I don't mind you running with that really I don't. I've come to expect nothing less really.
Happy New Year to everyone, even my erstwhile posting adversaries. You never know what the outcomes will be this year...!