Because the company is currently an industrial shell (ie its previous business was IT) I dont think a resources project will find its way in. There is enough resource shells floating around for that atm. Also it will take alot longer to do as the co will have to apply to the ASX for a change in nature of business which also requires S/holder approval (can get messy)
I think the company will look to find a plum industrial business/project/asset to vend in as there is very few industrial shells around which means they should have first pick of anything good thats going.
This is just my opinion based on experience of these things but I could be wrong.
confirmation of shares, page-9
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Last
2.0¢ |
Change
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Mkt cap ! $89.47M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 1.9¢ | $63.75K | 3.165M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 291133 | 2.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 2171592 | 7 |
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| AZL (ASX) Chart |