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A2Z Cust2Mate Solutions Corp AZ

A2Z Cust2Mate Solutions Corp. is a Canada-based technology company. The Company is engaged in the development and commercialization of retail smart cart solutions designed primarily for use in large grocery stores and supermarkets (Cust2Mate Carts), manufacturing of precision metal parts, provision of maintenance services in Israel (Maintenance Services), and development of its Fuel Tank Inertia Capsule System (FTICS) technology and a vehicle device cover for the military and civilian automotive industry (collectively, Automotive Products). Its segments include Services, Smart Carts and Precision Metal Parts. Its primary product is the Cust2Mate system, which incorporates a smart cart which automatically calculates the value of the customers purchases in their smart cart. The product includes big data smart algorithms and computer vision capabilities, allowing for customer specific targeted advertising. Its other services include providing maintenance services and container leasing.


NDAQ:AZ - Post by User

Comment by gameofboneson Nov 08, 2017 11:37pm
85 Views
Post# 26930343

RE:RE:What I dont get is knowing what is being drilled

RE:RE:What I dont get is knowing what is being drilledI believe South32's management wouldn't announce topping up their investment from 15% to 19.9% without having a strategy in play so they won't needlessly pay through the nose for shares on the open market for the remaining 4.9% (~14.8 million shares). Nor would Osisika's management try to sell that amount on the open market either. Osisko's announcement on Oct 10th 2017 of divesting was past tense with specific dollar amounts. South32 made their announcement on Sept 14th 2017. South32's third party Financial Institution likely secured a deal for Osisko's 9,990,000 shares and allocation of their 4,500,000 (warrant) shares just prior to South32's announcement. This was not a fortuitous happening and it just makes sense for both parties. The remaining ~290,000 shares to get to the 19.9% have probably already been bought on the open market. The wording on both South32's and Osisko's announcements are telling. Sept 14 2017 - South32 to Aquire Additional Share in Arizona Mining Under the terms of the Forward Agreement, a third-party financial institution will seek to purchase the shares in the market over a maximum period of 12 months. Trading activity will occur at the financial institution's sole discretion, subject to certain agreed trading parameters. South32 will settle the contract in full in advance of commencing the program. The final cost is to be determined on completion and will be based on the daily volume weighted average price of the shares over the period. Oct 10th 2017 - Osisko Gold Royalties - Accelerator Model Update The Company also reports that it has divested its investment in Arizona Mining Inc. (Arizona) for gross proceeds of $32.5 million, generating a gain for Osisko of $22.8 million on the disposal of the investment, based on the cash cost of the shares. Following the divestiture, Osisko holds a 1% net smelter return royalty on all sulfide ores of lead and zinc (and any copper, silver or gold recovered from the concentrate from such ores) mined from Arizonas world-class Hermosa Project located in Santa Cruz County, Arizona, purchased for $10 million in April 2016. Osisko continues to hold 4.5 million warrants, each convertible into one common share of the Company at a price of $0.75 and expiring on October 25, 2017.
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