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Azimut Exploration Inc V.AZM

Alternate Symbol(s):  AZMTF

Azimut Exploration Inc. is a Canada-based mineral exploration company. The Company holds the mineral exploration portfolio in Quebec. The Company’s projects include Elmer, JB Lithium, JB Nickel and Wabamisk. Its wholly owned flagship Elmer Gold Project is advancing to the initial resource stage in the James Bay region. The Elmer property is located in the central region of the La Grande Subprovince. The property is located five kilometers (km) west of the Billy-Diamond Highway and 60 km from Eastmain, a Cree community on the east coast of James Bay. The Wabamisk property is a 40 km by 10 km gold project located about 70 km south of the Eleonore gold mine (Newmont Corporation) and has a comparable geological context and geochemical signature. Its other key projects include Chromaska, Corne, Doran, Mercator and Pilipas. The Corne property is located within the metasedimentary Opinaca Subprovince (Superior Province), close to the boundary with the Opatica Subprovince.


TSXV:AZM - Post by User

Post by Paray99on Jun 23, 2021 2:24pm
290 Views
Post# 33435354

40% dilution? It is now time to get out of this guys!

40% dilution? It is now time to get out of this guys!Well understood that yesterday Azimuth team made it a big game ...
Halted  trading for sometime to give the impression that there is some extraordinary drill results or other news coming in..... then resume trading with the drill results........ pump the stocks up for their buddies to get out..... then crash it down by 45 cents....... All these followed with $25M dilution today..... Guys, that is about 40% dilution.... 

They say they have world class properties.... now I don't trust them any more... At least the latest news pattern worries me and now I start to think probably they don't have much more drill results better than already published in the near future.... at least until they pocket this new financing.

For me, it is quite obvious to think that they leaked the news to their buddies beforehand, especially looking at yesterday's price action after a so called good drill result....

Also, what if their buddies already knew yesterday's results or it was part of the first drill results, simply held to pump up before the $25M dilution. Because, now we have to think that yesterday's results were already priced in much before.... 
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