Given the problems that Azure have with regard to funding, this...

Given the problems that Azure have with regard to funding, this seems a good solution. They have been underwritten for $1M and there is a likelihood that they could raise more than this. If you believe that the JV with RIO has possibilities, and if you believe that Alacran has potential and hence if you then believe that Azure has potential worth backing then this share-raising is the best option. As an investor in Azure and believing the potential of their prospects, I will back this current share issue, but not to the extent of $15,000 which may be almost 1M shares. Something significantly less than this.
Financially the company's costs in Mexico are now met by RIO and so their monthly expenses are less than usual. This year could be a big one for the company as RIO determines the potential of Promontorio, and Azure complete some work on Alacran.