Have been thinking about starting up an AZS shareholder group as we discussed last week, just in case there is a takeover offer made, by whoever it might be. Just trying to gauge interest and how it may work. I think it is better to be prepared than not, if it doesn't happen, nothing is lost.
My thoughts on how it may work.
* Shareholders committed to a long term shareholding, communicate offline to investigate how many shares are held between them and agree to guidelines on outcomes in different scenarios.
*Spreadsheet / Database to be set up to log cumulative shares held by group.
* Communicate with other large shareholders, which may prove to be an advantage rather than being an individual shareholder.
I can setup the database and communicate via email to each shareholder. Would like some input from others on guidelines etc. Has anyone been involved with this type of thing before?
Have calculated that the 3 Directors own 19,421,083 shares between them. But would they hold there shares if they were offered well paid jobs with a Rio Tinto/Teck in the case of a buyout.
Hope to get some discussion around this, only my thoughts and relatively new to HC, although have been a long term accumulator of AZS.
AZS Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
