"I still hold the view that the Feasibility will never see the light of day and that all they are doing now is making the best out of an uneconomic outcome."
I think like this at times... I personally believe that if Tony does not bring any of the current tenements we hold to some sort of revenue maker in the near term then Azure has had its day... too much history here of failures and multi millions spent with no return.. I think they are in serious damage control, so hence attempting to bring some sort of cash flow to stay afloat as any CR's are going to be in the millions and the dilution is going to be horrendous, at least Azure seems to be trying to keep the dilution to a minimal, however what is minimal is my question..
The only thing that makes me scratch my head, if the likes of you and I and others here can see that the risk of a uneconomical outcome is a high risk, why on earth are the Germans throwing so much money here, 8 million originally, multiple buys on market, now a $2million funding offer toward trial mining... these guys are either really gullible and clueless, or they honestly think there is a big picture at play that has some serious return... either that or they cant except their massive loss that is now in the millions and are attempting to do what ever it takes to turn Azures SP around... I presume the latter
"Also if there were easy drill targets left.... why aren’t they drilling them to get the full scale mine up?"
The answer to this is simple... MONEY!... they are out of money, the market has had enough of endless drilling from Azure, look at all the drilling that has occurred to date, time to make revenue... I personally would like to see this trial mine put Azure into revenue status that provides enough income that it supports itself, no more dilution... Self funded drilling programs... sell some of our near worthless assets that have had millions spent on them... get Opo into some sort of positive cash flow, expand the mine, increase Opo's mine life... make multi millions, then progress over to Alacran and do the same... however I think we need a driven management team to achieve this, as the years will tick on by, we need someone to run this company that is seriously hungry, some one that had serious drive for success.... some one half the age of these guys at least..
I remember listening to a wise man once that something along the lines of: " the road to success is to get plan A into action, commit to the success of plan A, do what it takes, dont take your eyes of the prize... however, never ever make plan B, for those that make plan B are doomed to fail as they put energy into Plan B they take their focus of Plan A, not giving Plan A 100% commitment.. In fact those that make plan B have already doubted themselves and failure is inevitable as plan B was never as good as plan A..."..... sometimes I think Azure is now on plan E, if you get my drift...
like I keep saying, we are still in the dark to what the over all out come for Azure is going to be... all I know is, if Tony and crew dont make Opo and Alacran work, Azure will come to a end, or simply be the dog of dogs in the micro stock world, be trading at .001 - .002 with pretty much land value attached to its portfolio, no one will support Tony if he doesn't make Opo and Alacran work, this is final hour of proving his worth IMO... Azures last chance to become a miner..
Expand
(20min delay)