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Business Description: Azumah Resources Limited (AZM) is a West African gold company focusing on exploration and development of the 90% owned Wa Gold Project in north-west 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 22/05/2013 |
A piece of broker research came out last week that described the budget as a sensible one but an almost suicidal one for a government four months out from an election. Instead of trying to buy votes, it seemed intent instead on putting as many noses out of joint as it possibly could.
The Age 22/05/2013 |
In last week's budget, the government missed what will probably be its last opportunity to make the superannuation system fairer and more sustainable. While the government made some tough decisions, such as reneging on promised tax cuts, one of the fastest-growing expenses is the tax concessions for superannuation.
The Age 22/05/2013 |
Baby, forget the bonus. With tax concessions gone the federal government's budget could also affect your health, writes John Collett.
The Age 22/05/2013 |
Last week's budget was a bit of aho-hum affair on many levels related to superannuation, because most of the changes to the system had been announced back in April. The transfer of the Baby Bonus into an extra (reduced) payment for families eligible for Family Tax Benefit Part A, has drawn the light fairly and squarely on the costs of bearing and raising children. The recent debate about the opposition's Paid Parental Scheme versus the government's less-generous scheme has added fuel to the fire.
The Age 22/05/2013 |
Tradies caught out by the collapse of National Buildplan Group have called for a financial "rescue" package and an investigation into the failure of the company.
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