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Azure doesn’t have a great reputation among Oz investors, for obvious reasons

Nevertheless, I feel positive exploration results at Alacran, combined with the release of an aggressive forward work program by Teck, could spark the rerate we’re all so thirsty for

At some point in the future there a pot of gold at the end of the Alacran rainbow, and AZS investors will enjoy the spoils

Its unanswered question though whether current holders will reap the rewards. As always, the biggest threat is needlessly excessive spending by the company, leading to further dilution of our shares