They just raised capital…..As at the end of May, they had 2.7m in the bank.
Professional and sophisticated investors grabbed 58m @ 4 cents and they couldn't get them out soon enough it would appear. They kicked my sorry butt out the back door yesterday arvo.
They've had ample opportunity to begin shedding during the recent rise leading into the spike yesterday so they could be done and dusted as of yesterday with the lower volume today only being what was left of the day traders.
It was a great announcement with less than great appreciation from the placement holders. One or two little green candles should see this heading back up with so many assays expected within such fertile ground. A re-test of the 7 cent area would seem likely but i'll wait until i see a couple of green soldiers before i re-enter.
All the best in the labs holders.
AZS Price at posting:
4.5¢ Sentiment: None Disclosure: Not Held
