Originally posted by Mossberg
“...stable country”
Sure. Apart from the occasional cartel activity. Didn’t you read Sal’s report back from the AGM? I won’t dig it up for you. Search yourself if you’re interested
“111 million SOI”
Tony Rovira justified the previous AZS share consolidation on the basis that it was a necessary step for admission to the TSX. But when the consol was completed he never referred to the listing again afaik. One may assume the main benefit of the consolidation was simply to ‘reset’ the counter for more equity dilution
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Another All-Time-Low today. The company will need to raise more capital in the next few weeks imo. Reasonable chance the discounted WVAP raise will be in the single digits.
Mark my words, 14.5c is expensive for this stock. Heading to 11.5c (and lower) before much longer.
Tony Rovira justified the previous AZS share consolidation on the basis that it was a necessary step for admission to the TSX.
Are you sure this is the reason and the only reason? I think it was probably necessary for financing. I'd remember if the consolidation was solely for TSX listing.
Interesting that you called 14.5 expensive and
heading to 11.5c and lower before much longer on 28 Dec 2018.
It's now 17c and a lot of analysts are still at the beach. IMO.
One context for the market for zinc is the disruption within the Chinese economy. It's an imploding mess right now.
So you called it partly right on the zinc short term outlook, but for different reasons.
BUT as I said earlier, the Chinese are feeling the pressure from the trade war quite intensely! It's got implications for Xi's perceived success and continuity. Deng's son is speaking out. It's very interesting time indeed.