Teh p certainly looks like it's being set up for something. whether a t/o or c/r , who knows. But if your a fan of AZH keep some powder dry just in case. As I've mentioned before I was told that a c/r was going to take place late 2012 but done in nth America to raise the companies profile over there. Obviously that didn't happen but they did cut right back on drill costs and if you look at the sept cash flow report they still had eneough cash at hand at the present burn for about another 5 qrts. Obviously they don't want to leave it until the kitty is nearly dry but unless they have big expansion plans there shouldn't be any urgent hurry, but you never can tell. Maybe a c/r will be not far behind a resource upgrade.
AZH Price at posting:
24.5¢ Sentiment: LT Buy Disclosure: Held