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.
A quick read of the prospectus reveals nothing other doom and...
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