AZS 0.00% $3.65 azure minerals limited

Fair play if AZS is on the ground I guess it's just out of...

  1. 5,578 Posts.
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    Fair play if AZS is on the ground I guess it's just out of respect they run things by RIO even though technically they don't really have to, not smart to piss off a potential long term partner as you mentioned possibly of doing business on multiple projects like alacran in the future.

    I can see it from RIO's point aswell they probably want buy out AZS of the project at some point, after steping up and putting up $240mill free roll on the table for us it entitles them to first bite at the cherry before the market jumps on the news.

    We all saw the market go crazy over quite modest results from MOD and SGQ recently could you imagine the real deal being announced holding 20% of a Nova of degrussa level discovery coupled with the fact we are free carried so far into production, it would send us rocketing up in market cap, scary thought for RIO.

    Only a few more months at max and all will be revealed here.
 
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