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$3.69 azure minerals limited

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Mickeymouse

3,582 Posts.

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17/04/17

11:05

Post #: 24095592
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Originally posted by Oppenheimer1 ↑

Azure is probably reluctant to spend much of its cash hoarde until it knows what Teck is planning

If Azure spends millions now on a new flagship project, and Teck were to suddenly walk (which is becoming more likely as each day passes without a definitive work program announced), Azure would need to find $20-30m for a mine. The equity dilution of a capital raise at that point would be enormous, whereas the $11m would give us options (debt finance, JV)

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and as silver rises and explodes they miss the opp to buy projects cheap soon it will be too expensive to buy. now is the time!

AZS Price at posting: 1.3¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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