Re: The forthcoming Capital raising announcement should be heavily scrutinised if there is any type of large off market placements to occur. The shares have been sold down heavily over the past 2 weeks by at least 1 major seller. I own shares in this business as many of you do and i believe this is a gold explorer with wonderful potential and highly prospective mining leases. The big question to be answered now is the reputation and crediblity of management in that there has not been a leak, nor a favourable placement to one of the boys. At $5.5 million in cash for upcoming drilling being immediately available to Azumah resources would maybe justify a SPP to loyal shareholders.
Disclaimer: Please conduct your own research and analysis in regard to potential investment in the above.
- Forums
- Breaking News
- capital raising participation
Re: The forthcoming Capital raising announcement should be...
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AZM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online