AZX auzex resources limited

if you don't know where there going with the projects check out...

  1. 11 Posts.
    if you don't know where there going with the projects check out these 2 links, the video and articles.

    http://www.proactiveinvestors.com.au/sponsors/1422/auzex-resources-1422.html


    http://www.proactiveinvestors.com.au/companies/news/18124/auzex-resources-infill-drilling-hits-more-high-grade-gold-at-2moz-bullabulling-jv-project--18124.html

    the good thing if the 2 companies come together is that a capital raising for Auzex will not be needed, once the is seen by the markets there will be no dilution of share holders and $30 mill cash in the bank, and instos will be all over this. Auzex is burning through $1mill a month, with $30 mill, they can double there drill program and still have plenty of cash. This will be seen as a positive as share holders. AZX (proposed) listing on the Aim and capital raising could be seen as a defense strategy against GGG.

    time frame for a resolution im looking at 2-4 weeks. this is when a JV meeting is due for GGG and AZX management, where the icing will be placed on the cake.




 
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