Considering that the zinc price has almost doubled over the last year, the price share price performance has been actually very disappointing. it does not help that management continuously pushed out the date of planned production. It used to be 2024. Whereas the November 2020 corporate presentation promised start of construction mid 2022, this was revised in the October 2021 corporate presentation to having the go-ahead decision in H2 2022, now it is "We should be on track (= not even a promise of a decision) to make that development decision next year (therefore 2023).” We need the approval of the mining licence to give the market comfort and the share price to rise. We were promised this approval within H1 2022. Let's see. Management needs to pull up their socks.
AZI Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held
