Correct you are my friend. I believe the suggestion was that AZS might raise at $1b market cap ie ~$2.50 per share. Call it a waypoint on the Canaccord $2.25 and Bell Potter $3 price targets. Their reports are quite informative if you haven't already had the chance to read them in detail. A cap raise at ~$2.50 may well be extravagant, it may well not happen, but the fact that it is conceivable feels bad to non-holders hey? I don't wish you or your investments ill, but we all have read you talking this stock down, incessantly, all the way from ~0.35c. It is becoming somewhat tiresome.
If you were to find $60 on the ground and pick it up, are you the type of operator who would complain that it is not $100? Or, would you say, "look everyone, wow! I just found 60 bucks, what a good day this is"?
My interpretation of today's announcement is that the company is saying that they're going to focus on proving to a high degree of probability the size of the resource in the areas currently drilled with a view of going to market in the next month or two for more funds to further expedite drilling. If they can say, "we have xxxMt of resource already" with a high degree of confidence, you would think broker clients would be only too happy to throw money at it given the prospectivity of the project.
AZS Price at posting:
$1.60 Sentiment: Buy Disclosure: Held