AZH 0.00% 24.5¢ azimuth resources limited

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  1. 1,296 Posts.
    Look at the latest 3b announcement.

    2.8 million shares issued due to options excercising at 4 cents. Looks like someone decided to profit take. They could have just drip fed over a few days and made more money. But no, they are dumping today. This will probably trigger a few more stoplosses tomorrow.

    Otherwise everything is on track. Look at the latest quarterly. Cash burn is 6 million a quarter, 12 million on hand. Very good shallow grades of gold. Preliminary approval for listing on TSX.
 
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