A quick read of the prospectus reveals nothing other doom and gloom. If Azure have underwritten the rights issue then there has to be a bigger plan; what is it? With debits of $4.8m, no money in the bank and a cash cost / oz greater than gold price this company is either trading as insolvent or there is somone bankrolling the operation.
this can't get much cheaper!!, page-5
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
