Curious situation.....
Is the line of equity dead? No sign of the monthly issue...? So maybe AZS had an option to walk away from this arrangement whenever they wanted?
or... maybe the secret investor that was the party behind the line of equity just suggested that that they take an immediate large investment via a new issue, in return for dumping the line of equity? A win-win?
IMO it also suggests tthis morning's strong trading was just traders, not insiders. Because insiders would not buy in front of a large capital raising that could dampen the share price.
And it also suggests the the La Morita assays are not yet to hand. Because this info, if in hand should be released, and if not released to the ASX, cannot be given to the CR recipients (otherwise it would be inside trading).
Guesses for the CR? $2M at 2.0c is my guess.
Gosouth
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