AZH 0.00% 24.5¢ azimuth resources limited

trading halt, page-8

  1. 12,006 Posts.
    lightbulb Created with Sketch. 6775
    Have to say that is an extremely generous offer.

    TRY producing 100k ounces annually.
    AZH - 0.

    I can understand that TRY want to have real exploration potential as well as a ready to go project, and they will have it with AZH, but the price!

    Surely they could have just bought CAS in Brazil, producing iron ore with the main game being a 2+ million ounce gold project with a DFS almost complete.

    Will be very interesting to see how this plays out. I assume TRY has spoken to its major holders before announcing this so I guess it will go through?

 
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