AZS
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2.27% 32.3¢ azure minerals limited

Hi Soothsayer I am happy to hear the negatives ... but you have...

  1. Dazedandconfused
    4,839 Posts.
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    17/04/18
    13:07
    Post #: 32502791
    Hi Soothsayer

    I am happy to hear the negatives ... but you have to be way off with this early comment...."what is scary however, if Alacran doesn't bring the goods and Teck decide to let go then Azure will be worse of then they have ever been before...." If Teck walks away there will probably be some cash adjustments because of the $2m they have so far spent, but, Alacran is worth about $100m [3 x's current MC].... the SP dived when Teck exercised its claw back option.

    imo... AZS is trading at about 50% its intrinsic value [Oposura ~$15M, Alacran $50M @ 49% ownership... Sara Alicia $??] and cashed up as well.
    AZS Price at posting: 28.5¢ Sentiment: None Disclosure: Held
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