gosouth, your posts make sense. We can't be assume that Azure is not following the ASX Listing Rules.
I tend to agree with this statement:
complex going as Cascada overlies the porphyry target, and Cascada is being excluded from the JV.
From reading previous announcements, it appears only the porphyry part of the deposit is up for a JV or farm-in. This is complex because it could span over all the tenements that Azure own or have a right to own via more cash payments. How would you define the porphyry mineralisation (does it include any breccia mineralisation)? Would the JV only take effect if an economic porphyry is uncovered after $Xm in spend (which would sound like a farm-in style arrangement)?
they didn't get an offer good enough
In my opinion, not entering a JV or farm-in would be more harmful than accepting a reasonable offer that didn't have all of the bells and whistles. But with 6 interested parties, you would hope Tony could secure a good deal for all concerned.
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gosouth, your posts make sense. We can't be assume that Azure is...
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