"AZZ has plenty of money for the next 6 months work program and as this brings experience and production, fund raising will be easy. The last placement was easy. The next will be even easier."
I doubt that they have enough money to for the next six months drilling: look at their balance sheet. I also doubt that they'll be able to tap the share market again given the poor performance of the shares since the last one. Or if they do, they'll have to give a whopping discount.
"AZZ also has experience in selling out and moving on, having done so in August 05 by selling out of Turkey and moving to the USA."
Yes, they sold it and them prompty blew almost all of it in Oklahoma and also played the "we're not going to tell you game" as well.
As I said, IMO AZZ is overhyped, overcommitted, and under financed.
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