AZM 0.00% 3.2¢ azumah resources limited

where to from here?, page-5

  1. 2,958 Posts.
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    Ibaera have basically bought 49% of the company for $20Mill (or was it $22?).
    So they value the company at approx $40Milll...of which they own half. (ie you could double the sp on that alone).
    Conversely you could view it as AZM has cash backing of $20Mill at the moment but the market is discounting that to 65c in the dollar.........AND we a proven resource (which the market says is worth basically zilch. I personally don't get it.

    I'm very keen to see the "Very high" priority targets drilled and the news flow from there. Hopefully that can ignite some interest.
 
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Currently unlisted public company.

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