I am growing somewhat worried that there is something amiss or there is some aspect of the WA project that I do not understand.
On paper this company seems as cheap as chips.
However, despite a healthy flow of positive news on drilling results, the more recent reserve upgrade and the sharply improved feasibility numbers,m the share price remains disturbingly weak.
Perhaps a major shareholders is wanting out and is happy to just continually dribble stock onto the market to prevent the stock re-rating.
If that is the explanation, the the CEO and Chairman should get off their tails and find a buyer - given that they should know if a major holder does want out.
Overall, the introduction of Ibaera has added zero value for long suffering shareholders.
Management continue to eat well and fly around the world with little to show for their efforts.
Maybe it's time for shareholders to revolt?
Shame the AGM is so far off.........
AZM Price at posting:
2.4¢ Sentiment: Hold Disclosure: Held
