Def. Not enogh money for drilling. They had 1.1 million $ in gen,nearly 3 months down the track now so taking into consideration min. Exp. They should have anywere in between 700 to 1 mil @ the max (wich I doubt ). The plan is to drill 40 holes (last presentation 21st of April ), now u would think once they get aproval and a rig secured that the drilling would take place all in one stage. Now , while all of the above makes sense the figures don't add up.. Because to drill 40 holes they will need in excess of 1 million. So there my conclusion to a cap raising as soon as possible to maximize raising/dilution ratio unless as prev. Stated they continue to improve the share price through some good news.!! Wich ever way u look at it a cap raising is needed and IMO it will come soon!!
AZS Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
