Very interesting post. Thanks. So are you AZX's house broker? You said AZX was your house stock in an old post and i was wondering what you meant.
How certain are you that they will not raise funds at these low levels? I can't see GGG agreeing to pay for AZX with no benefit to them. They stand to gain an increased % of Bullabulling if AZX fail to keep up their payments so why will they pay for AZX's share of the costs with no benefit?
As a result, I am not sure AZX is a buy, not until they get cash. Surely given the cash pile, GGB are the better buy as they will be in the driving seat when they come to discuss terms?
AZX Price at posting:
44.4¢ Sentiment: None Disclosure: Not Held
