AZC - Australian Zircon

[solomon]

Thanks for the info, well found.

My gut feel is down, it seems like AZC has given up a lot, just to get $4m. Now that mindarie is cashflow positive why do they need the cash?

It looks like AZC has given Crescent a sweetner to merge, but why diversify into gold when you're a zircon miner?

I'll be eagerly waiting to read the justification / explanation.

 

[solomon]

Well I'm a bit surprised that AZC held up today, maybe there is more to this than meets the eye. I still don't see why AZC should need working capital if mindarie has turned cashflow positive.

Hmmm ....

Because no one else posts here musch I'll just use this space to spill the ramblings of my mind, to sell or hold is the question?

 

[prawn_86]

Seems to me that management have very little idea what they are doing.

It took them nearly a year to get cashflow positive, when they said it would be much quicker than that. They did 2 partially filled capital raisings in that year, when one should have sufficed (include a bonus option to increase uptake), now they go and get a paltry 4mill from a company that no one knows much about and give away a lot just to get that 4mill, which technically they shouldnt need.

Reeks of incompetence

 

[solomon]

Okay I'm all out of AZC at 0.09. It was a hard call as I lost 15% , but I just can't trust managment, I don't like their approach. Mindarie has so much potential as a 100% zircon play, but this CRE thing has me worried. Signing off from this thread unless it drops to 6 cents.

 

[CAB SAV]

The common denominator between AZC & CRE is TAYLOR COLLISON
I'm not going to say anything else other than TAYLOR COLLISON
Just in case you missed it, TAYLOR COLLISON.
I'm not inferring anything else.

 

[fodder-oz]

yes i read the taylor collision report on their website. I guess fy09 they look to be making some money. not sure if we are going to see prices move upwards anytime soon in this bear market.

 

[solomon]

Well I said I was out unless the price went to 6c or below, today I've dipped a toe in at 4c. Anyone else out there interested, 4c is not much to pay now she is cash flow positive.