Just posted this on APG forum in reply;Selling off the 20% of...

Just posted this on APG forum in reply;

Selling off the 20% of the WIM 150 at just 7 million is a heart breaking prospect for any company.

The only thing that AZC has in its basket is their 80% stake in the WIM 150, so as a long suffering AZC shareholder you can imagine I am a bit obsessed about it. I have had numerous independent valuations and I am fully aware that everyone is an expert but the actual outcome remains unknown until the party has started.

One thing is for sure the WIM 150 is an asset that has a 20+ year mine life and already has an upgrade in the bag. From what little info I can get my hands on 7 Million for APG’s 20% stake is peanuts, especially with the completion of the BFS just around the corner. Just maybe APG are fully aware of this, I hope so for your sakes!

7 million in today’s money (never mind tomorrow’s) is not going to buy you much time...

Off the topic here but not too long ago one of you lot were having a laugh at AZC’s webpage and justified in some respects but just checked yours out, looks a bit like one of those free business cards that pensioners give out to their mates.