Astute and well said, ExpGeo. As a poker player myself, I respect a good bluff. But you shouldn't keep going when you know you've got a losing hand and the bluff isn't working, it's just throwing good money after bad. In AZY's case, the bluff was a good strategy but it hasn't worked and I think it's the reason they've put it on the back burner (if the stove is actually on at all) and have now shifted their position to focus on the drilling.
The recent purchase by two directors of less than $10,000 worth of shares at 1.4c is just another strategy trying to show that the board has confidence. They'd have to put a lot more money in at a higher price to really send that signal. Only the most desperate holders would see it as a sign of confidence. I can't think of any other reason why they'd spend a trivial amount of money (for the two directors) for a trivial amount of shares. I'll be checking in during November to see if they exercise their options at 1.9c. I hope for the sake of all holders that it's not relevant any more because the company has been sold by then, and for a good price.
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34 | 12019988 | 0.010 |
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Price($) | Vol. | No. |
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