AZH 0.00% 24.5¢ azimuth resources limited

Look at the latest 3b announcement.2.8 million shares issued due...

  1. 1,296 Posts.
    Look at the latest 3b announcement.

    2.8 million shares issued due to options excercising at 4 cents. Looks like someone decided to profit take. They could have just drip fed over a few days and made more money. But no, they are dumping today. This will probably trigger a few more stoplosses tomorrow.

    Otherwise everything is on track. Look at the latest quarterly. Cash burn is 6 million a quarter, 12 million on hand. Very good shallow grades of gold. Preliminary approval for listing on TSX.
 
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Currently unlisted public company.

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