AZH 0.00% 24.5¢ azimuth resources limited

Ann: AZH Undertakes $6m Capital Raising , page-3

  1. 8,928 Posts.
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    Not really what I was hoping for but it's at a good price and not too much dilution really. To instos is also good. They may of just put the feelers out for some interest and they got plenty so decided why not in case things do go pear shaped in the markets again and things tighten up. Surely this can keep their now scaled back drilling programme going for a long time and sure up over 2million ozzies. I'm interested to know from anyone who has a clue how the upgrading of the resource occurs? I assume all the drill results from here on in handed over to the guys who confirm the resource and they issue an upgrade, but wonder how often they can issue upgrades? Would be nice to think that every couple of months a new announcement comes out stating a larger number. Appreciate some thoughts.;
 
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