Ann: Azure Launches $120 million Placement, page-291

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kevin103

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14/09/23

22:49

Post #: 69865368
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Originally posted by mrplough: ↑

Wow, so 4 x oversubscribed, and that's only for the SPP of $20m. Could have raised $80m from existing shareholders without too much trouble (but a lot of hassle admin wise), on top of the $100m we have raised from the initial CR.

I think it's very clever from management to raise the bare minimum required to drill out the 3 main priority areas this year and throughout next, to get us to an MRE early next year, which will be regularly updated as results come in.

If corporate interest was of the same level as that of existing shareholders, you can guess we could have raised around $1/2bn if management had wanted to.

Incredible really, and shows what the level of support for AZS from those who really "get" what we are sitting on. Looking at the geology, I am convinced we are sitting on a Top 5 global deposit at Andover.

What are those worth these days?

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Well AVZ sitting in the middle of Congo which will never mine in the next 10 yrs was worth $3 billion for just around 60% of project ownership ? Can't remember their share - the ownerhips % flips and flops endlessly between the Congo govt and chinese investors

This AZS is the real deal located in WA with all infrastructure ready to go - Top 3 deposit globally hopefully and its value is priceless imho

Last edited by kevin103: 14/09/23

AZS Price at posting: $2.70 Sentiment: Hold Disclosure: Held
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