The June 2012 QR basically says that the WIM 150 was sold and...

The June 2012 QR basically says that the WIM 150 was sold and that DCM got 9 million with just over 2 million left for the BFS until more funds are injected. AZC are showing a substantial loss on their balance sheets and need to resolve this problem one way or another to start trading again.

I think the only way out of this is for AZC to get moving and complete the BFS and selling up to an interesting party for a cut into something worthwhile. The majority shareholder DCM surely wants to get the best deal for themselves so this should work out well for all shareholders!

Just hoping that OZC are on the side-lines waiting for the all clear with the BFS, they have deep pockets and want to get control of the WIM 150.

I do believe that AZC are trying to get back on the ASX but the price and timing are difficult to predict even for people that are quite close to the project. I think it’s going to be quiet for at least 6 months but surely all of the leg work going into the BFS and the reshuffling of directors can’t be all hot air?

There is no mention of the dilution of shares and tusker why do you assume that the sell-off of the company (which company?) must somehow diminish our holdings? This would be in a report or would have been announced in some way and the shareholding % of AZC has not changed in anyway!