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Azelio Q3’22: Laying Groundwork for 2023 - Redeye

Redeye comments on Azelio’s Q3 report, confirming that the company is progressing with its current projects while standing by its target of becoming cash flow positive in H2’23. Following the share issue with larger-than-expected dilution, and a cautious view on the company’s targeted 2023 ramp-up, we lower our base valuation.

Redeye comments on Azelio’s Q3 report, confirming that the company is progressing with its current projects while standing by its target of becoming cash flow positive in H2’23. Following the share issue with larger-than-expected dilution, and a cautious view on the company’s targeted 2023 ramp-up, we lower our base valuation.
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