AZM 0.00% 3.2¢ azumah resources limited

Ann: Kunche High Grade Intercepts to 500m Below Surface, page-7

  1. 624 Posts.
    lightbulb Created with Sketch. 51
    Excellent grades, but the intersections aren't thick enough to be significant at this stage, highlights the high grade potential though.
    Still not a lot of market interest in gold explorers across the board.
    The interesting aspect of AZM is the Ibaera capital holding. How are they planning to get a return on their investment?
    I wouldn't be surprised if their strategy is to push to improve the project metrics, then look for project buyout, otherwise their capital will be tied up, and any return will depend on the projects ability to attract finance and progress through to production.
    If their intention is to hold through to production, it will be in their best interest to help attain that finance.
 
watchlist Created with Sketch. Add AZM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.