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Haplo

17,032 Posts.

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13/04/17

22:00

Post #: 24070635
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Originally posted by aposteriori ↑

Korbah. Well said. I believe that until an announcement comes the SP may correct down further 1.2 or 1.3, but I have no good reason except this except the cash component and potential in the land held.

The first announcement is likely to be a new prospect. They want it to be a good one, and they are taking their time. Providing they don't rush into a wrong decision, then a new project could push the price back up. Movement after that will depend on results.

Teck are taking their time, and so we can't hold our breath on that one. Meanwhile AZS interest in Alacran still remains, but temporarily locked away.

As for Promontorio, at some stage a decision will be reached. It has value. Copper, silver and gold were identified in shallow epithermal veins that would represent a cheap profitable modest mine. Its saleable and has a value. With precious metals rising, Cascada/Promontorio become more attractive. RIO's exploration added value.

Net result is : AZS can break out of this situation, but it takes patience. A shareholder revolt will do nothing for our shares and their value and just lock us into protracted legal wrangling and enquiries. I am prepared to give Tony the time to solve the problems, but as shareholders we need to convey to management our concern.

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How much time do you think we should give him.

Another 5 years perhaps ? The 10 year chart looks worse.

Bottom line - no shareholder wealth has been generate for those who held in that time.

Haplo

Last edited by Haplo: 13/04/17

AZS Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Frustrated holder, page-32

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