Enough with the heresay and guesswork: I work closely with AZG and speak to the CEO frequently. I have spoken to the CEO - Scott Walkem. I quizzed him on the market chat about a capital raise. He emphasized and reiterated that "as per previous guidance and forecasts there is no reason to undertake a capital raising."
Others have been anxious about cash flow. AZG has delivered a platform from which excellent cash flow can be delivered. Cash flow is presently snug but manageable and is a problem solved by growing debtor book.
The CIA deal was a happy coup as the vendor/new stakeholders were willing participants in a scrip position.
If anyone wants to verify that the talk of cap raise is hot air - then please call the coy and ask for Scott.
Disclosure: I hold a good chunk of AZG shares. I am a friend of the firm and I enjoy financial reward for providing marketing assistance. Nothing I have tabled here is outside that available in the public domain.
AZG Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held