Great start to the year for AZM shareholders. Looks like we are slowly beginning to be recognised for how undervalued we have become and a serious rerate is on the cards.
Ibaera deal only gives us a valuation of $35M MCap off their $17M for 47.5% transaction. I believe we should pass that short term and see ourselves at a more comparable valuation to our peers.
Looks like most underwritten shares have now been sold on from the recent raise. Should see us now continue to run and settle at a more reasonable valuation for our company
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