AZH would make a great takeover target by any company with a useful existing cashflow.
PRU should get hold of it for $200m and escape high taxing west Africa. Same goes for RSG, and EVR both of which could fund such a takeover.
I really like the location, ore grade, and potential. But if the management just keeps growing number of shares then by the time they want to raise capital for a mine it will be very dilutionary.
GLA
I got out much too soon to put the money into a safer bet - CGA, which itself fluctuated a lot.
loki
AZH Price at posting:
23.5¢ Sentiment: None Disclosure: Not Held