This type of news amplifies the requirement for more immediate capital. I am tired of selective disclosure. Why doesn't Azure just release the JORC and move towards further JV funded exploration rather than delaying news that should have been released a quarter ago?
Sure Rio now will produce Cascada, however Azure has left existing shareholders frustrated through their inability to manage their capital requirements following favourable project deals.
Maybe they need a cornerstone investor that will ease the pain and potentially fund their retirement and all existing holders following Rio exploration.
Ann: Share Purchase Plan, page-169
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