RE:RE:RE:RE:Show me where I'm wrong on these NPV assumptions? Goldhunter
Always enjoy your posts
To answer your question, I was just projecting / speculating on how many shares AZX would have out if they did a PP for $20 million at this low share price.
Who knows,, as a best option maybe the Bod will bring in another CEO who will clean up the company, do a 1 for 10 rollback in order to attract investors at a higher valuation ?
When I was first buying ICG @ .018 we had 360 million shares out, new management came in and rolled back the shares on a 1 fo 10 giving us a .18 cent stock with 36 million shares. Because of the low share count the share price ran up to .75 on spec value from new investors, The company went on to raise $120 million mainly for drilling the Triangle Zone and keeping all the Lamaque project 100%. (I made a s$it load of money on a rollback stock.
With AZX,,, AZX has a lot more going for it then ICG did at the time. AZX could "with the right management " do a lot more dynarnic things like a rollback gaining a higher valued financing, put in 60,000 mt of drilling including 6 x 1,000 mt deep holes at Onida and keep control 100% of everything instead of selling us out at a discount.
AZX could be sitting on a 3-4 million oz deposit and they may well be giving it away ?
M2