WR1 2.58% 75.5¢ winsome resources limited

As a long-time Azimut shareholder, I would be happy to sell off...

  1. 82 Posts.
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    As a long-time Azimut shareholder, I would be happy to sell off a small piece of the Galinee property (the piece directly below Adina), if the price was right. Azimut is a project generator with multiple projects and partners, and they work hard to keep share dilution down. A small property sale/cash infusion would probably be seen positively by Azimut shareholders because it would fund further drilling on the rest of the Galinee property, which is pretty massive. Plus Azimut can use the $ to explore and drill their many other projects. Selling property for Winsome shares wouldn't work, because Winsome isn't listed in Canada. That said, I would be a bit surprised if the halt is for this sale (although I expect it to happen eventually, to make the Adina open pit more economic, and the MRE larger) because it seems a bit early in Azimut's drilling in this area.
 
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1 1065 75.5¢
 

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76.0¢ 8109 8
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