Ann: Fifth Hole at Andover Continues to Impress, page-80

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keithgr72

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25/11/20

15:28

Post #: 49138016
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Originally posted by dolcevita: ↑

They know what they're doing. Something which traders seem unable or unwilling to recognise.

They say this is the same as before, with CRs or other aspects, lightly skipping over where it is NOT like before. Exploration is a numbers game as Creasy himself has often said, but it's also about narrowing the odds. This is where Andover is very interesting indeed.

Although once they've proved up the reserve to JORC status, an asset sale is more likely given the overall direction of the company which means a return to holders PLUS they get to keep their shares. A takeover is unlikely given the ballast of Creasy. IGO would surely be a possible buyer and that's great because that's in Australian hands. Formerly Independence Group NL, Yandal Investments which is Creasy's investment arm holds 10%. IGO did the merger with Sirius to buy Nova Bollinger for $1.8 billion, giving shareholders a cash injection for the asset sale plus shares in IGO.

An asset sale would finance future exploration for AZS on multiple levels, looking at the gold tenements next and the Ag and Au assets in Mexico, set to be expanded and drilling starting this month.

Expand

You need to watch some old Azure interviews and remind yourself of what the messaging has been like in the past. Just a sample below:

https://www.finnewsnetwork.com.au/archives/finance_news_network18039.html

https://www.youtube.com/watch?v=pqLj9pACgnQ

https://www.youtube.com/watch?v=-wQMWHzvS3I

AZS Price at posting: 82.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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Ann: Fifth Hole at Andover Continues to Impress, page-80

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Metalicity looking for offers on Admiral Bay zinc project

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Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach

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