From what I hear the drilling has been delayed due to a change in the environmental permit process - I understand that drilling cannot commence until the relevant permit is held. It's just taking longer than expected to get the permit sorted from what I understand.
In terms of whittling down company funds, the rate of erosion of funds from what I understand is minimised through the JV's with OZL and the Japanese.
Hard to be patient with this company at present however I anticipate drilling in the very short term to commence and some progress towards exploitation of the resource (naturally after the resource has been upgraded.
We'll see ...
AZS Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held