I'm a LT holder and there is no way they could have done a CR with existing shareholders because it takes a lot of time, it needs all kinds of clearances an auditor's report, a prospectus stuff like that.
It would take several months at least and no guarantee existing shareholders would have that amount of cash, resulting in a shortfall, then go to sophisticated investors, and we need to move on this fast. While I don't like this aspect particularly, it's a fact of doing business in the exploration field.
Simply put, we need to put fuel in the tank so we can drive to pick up the gold nickel.
AZS Price at posting:
83.5¢ Sentiment: Buy Disclosure: Held