But the company has ‘invested’ $70 or $80m over the past 10+ years iirc, and not earned a penny of revenue in return!
I don’t think anyone begrudges an exploration co the right to tap the market for capital during early maturation
The problem is Azure has failed to ever move beyond this point. It’s failed to commercialize discovery. Azure is a 35 year old man-child who still lives with his parents, uses their car and expects pocket money
If hopes and dreams were rocket fuel this stock would’ve travelled to the moon and back by now, but seasoned investors look to ROI and AZS has always disappointed on that count
Nevertheless, I’m still holding. I see short term value at these levels. The stars are aligning for a profitable trade imo.
AZS Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held