The only people that really know what’s going on are the ones sat in the room; I’m not kidding myself on that one. Who knows what the deal is with AZC & OZC, OZC bailed AZC out not too long ago so I can (only) imagine that they have a reasonable working relationship, maybe closer than they let on, just a guess.
OZC got their hands on APG’s 20% of the WIM 150 which they may not have done if it was common knowledge that the option to buy the other 80% from AZC had lapsed. Mining is a dirty business and it’s a challenge for many just to survive so anything goes.
Without the WIM 150 AZC has nothing and many will lose their shirts so as a simple shareholder I’m just hoping that AZC cuts a deal with a share in something worthwhile.
Got to say you guy’s on APG’s forum are quick to the chase, might even consider buying in, just tell me when!
APG Price at posting:
3.1¢ Sentiment: None Disclosure: Held
