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Business Description: Azumah Resources Limited (AZM) is a West African gold company focused on exploration and development of the 90% owned Wa Gold Project in NW Ghana, West Africa.
Strategy Analysis: Azumah Resources has the full focus on its Wa Gold Project in NSW Ghana, West Africa. The company believes that Ghana remains the preferred destination in West Africa for resource development, reinforced by the belief that the country is set to be coming the largest gold producer on the continent.
Azumah reported negative cash flow of $5.18m for quarter ended 31 December 2011. Operating cash flow for the period was $(4.91m). Payments for exploration and evaluation were $(4.3m). Investing cash flow was $(273,000). Financing cash flow was nil. Cash in hand at the end of the quarter was $8.19m..
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...