Talked to AZX CFO at PDAC today ! While at the PDAC today I had time to talk to AZX CFO,,, and it’s like I have been posting here for the 3 years,,, AZX has ran the limit on the share count, no more dilution. Financing the $20 million even pricing in flow through shares so under values the company that an alternative has to be conceded.
JV have their own set of problems and rollbacks just create another kind of dilution. It sounds like after the up dated RE comes out AZX will be sold to the highest bidder. IMO
In my opinion Eric had it coming, you can’t keep issuing shares with out a rising share price now the board is forced to act,, fortunately AZX has a good asset to sell and make everyone rich,,, or just a little more wealthy !
M2
PS;
It's like I said,, you can't keep issuing shares with out a raise in the share price price,, it eventually comes to an end !