How this changed AZC situation will evolve seems impossible to predict.
DCM will be in control and we don't know the business strategy.
The expert summary sees $4 m feasibility study costs and seems spooked by potential problems.
In the meantime I imagine the lawyers have expenditure conditions imposed on AZC which keep their participation alive in the mineral tenement.
ONE possible SCENARIO might be that in these tight economic times DCM just decides to can the whole WIM 150 adventure to conserve cash (after all the expert doesn't see an easy road)
Should full control of the asset revert to APG I see this as a positive.
After all APG is not spooked by the problems........and any future APG partner would value a clean control ...not a messy threesome.
All this is really small beer. As it stands WIM 150 is worth 0.005 cents per share to APG If APG gets WIM 150 back it is worth 0.025 cents per share.
And that is in the fullness of time....apply your own rate of discount
APG Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
