azr caveat deal, page-2

I had understood the $29.1M figure given by AZR as the NPV of the royalty deal with ARC. It appears today this is not the case so over the life of the mine this figure is maybe only worth about half in NPV terms so the $17.5M paid in shares is not a good deal.

Why also have the directors of AZR issued shares to ARC at 22.5c when they say MGX's offer, at the time was worth 23.5c/share, is not enough?!!
The Board of AZR needs to explain to its shareholders (including its largest shareholder of course) why the shares were issued so cheaply to ARC when they consider the shares are worth MORE than MGX's offer of 25c at todays price. Who would want to be a small AZR shareholder when their Board treats them like this?
MGX should now make life as difficult as possible for AZR and that includes legal action and voting AZR directors off the Board etc.