I picked a random group of 16 junior exploration companies and...

I picked a random group of 16 junior exploration companies and looked at their share price over 8 years.

6 had disappeared, and were no longer listed, or perhaps re-named.
8 the share price had fallen significantly, and were now rock bottom
1 the share price had risen

The reality with these junior explorers is that it is tough. Azure is no different. I think you need a dose of a reality and attempt to understand the nature of the industry we have chosen to invest in. The risks are high, but the rewards can be significant. The recent capital raising was over subscribed. The investors were not by the small retail investors. They were major significant investors. These major investors are determined to make money. They are not investing millions in Azure to be lost.

Azure may have suffered a very low share price, but to see the company just in terms of current share price is short sighted. The significant investors are looking for potential. In Azure they can see it.
You have a choice, behave like a short sighted donkey or use a bit of intelligence. In 5 years Azure may not have succeeded, but it won't be for want of intelligence and effort. There are risks in this business, accept them or get out. Whining on the sidelines wont help.