AZR aztec resources limited

cambridge to takeover 25c, page-16

  1. LZA
    1,858 Posts.
    re: aztec close to tying up loose ends my main concern is that they raised 86 mil thru SPP and 20 mil funding which was supposed to cover set up.
    Now they need 50 mil funding meaning 136 mil plus operating cash - this is a lot more than 125 mil stated last week, and they have not even started yet.

    Extra exploration seems to indicate they may not get sea wall constructed on time and need to mine other pits for longer - keeping their options open.

    As for Cambrian, they need to float first and raise capital before they can buy out AZR. If they need the capital elsewhere they will sell out which would be bad for us!
 
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