usually with a take over a offer to shareholders is presented... can be literally a set price for your shares or if the company that is taking over is listed on the market they may convert your AZS shares to their shares at the agreed value..
I cant see a takeover happening though.... Tony doesn't really have anything that is exciting other than Alacran, and if teck wants Alacran back they will probably wait for Tony to be on his knees and take it back at a bargain price... seriously who is going to give Tony more money after 15 years of CR's that have amounted to nothing.... I know this shareholder isnt giving him a cent if he goes to the market for more money...
The SP is getting sold into at major losses to any shareholder, very much a worry..
The only thing I will say on a positive note, the volumes have been so small over the last few months that if Azure did miraculously bring something game changing to the table, the SP would spike fast and hard... but dont hold your breath.. definitely a disappointment of a management and a portfolio of tenements that are amounting to nothing again... getting close to being dooms day for Azure
AZS Price at posting:
10.5¢ Sentiment: None Disclosure: Held