Smart move by Rovira and the Board. They have understood that the COVID-19 crisis is a great time for gold companies and have worked behind the scenes to obtain Australian tenements, whereas Mexico is a repressed area. No doubt they will call for more cash to explore these AU tenements in due course. However, just recognise that you, as a retail investor have been heavily diluted yet again.
The smart move is already paying off since just about any gold explorer is irresistible to the market these days and the increase to 19c is proof of this.
With the current impetus on the gold price, I judge that it is best to ride the wave with AZS at present. Nevertheless, take stock and look at what AZS has to offer against other explorers. a dollar in one versus a dollar in another - which one will give the best return?
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