There is a positive and negative side to this release.
Firstly, good to see the release time closer to 8am than 10am, giving investors more time to analyse its content prior to open. This is a positive change by the management team - well done.
Now for the negative: judging by the size of Ridgeline and the depth (relative to Andover) only a fool could believe this find could ever be economic.
In other words, it’s been a waste of millions of dollars to investigate via drilling - yet another failure for Azure.
Lastly, allow me to anticipate the response by saying it’s highly unlikely deeper drilling will find anything earth shattering, but it’s always important for management to keep hopes alive for the impending CR.
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