AZS 2.27% 32.3¢ azure minerals limited

SP discussion., page-5

  1. 2,102 Posts.
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    I dont actually agree about the pip trading Moss... that seems pointless... its more someone is trying to fill their order as they are first in line at 18.5cents... selling a few to them selves to trigger a small dump... originally I think it started at a 400,000 order, not that much really $70-80K fill.... but in saying that if they are in the know then could be a nice profit in short..

    CR isn't going to happen soon IMO, yes the cash burn is questionable, but the funds are enough to sustain themselves until they make their mind up to go into production... pointless doing a CR pre decision IMO be too hard to get a investor, shareholders wont give them a cent due to lack of performance to date in the SP..

    usual play is to get the SP up pre any CR as you know, then within a week or 2 the VWAP is done and a CR is presented... in saying that I do suspect a JV this time around with a decent knowledgeable company on how to bring worth to Azures Tenements, this will re-rate the SP and re assure confidence in the assets to bring them to worth... I also believe Teck will bring a re-rate to Azure in time, in what time factor I dont know...

    All I know is the SP is at a steady support level... the punt for investors at this stage is to understand the worth in the tenements and consider the backing of Teck and the ability to bring revenue in time, yes it isn't going to happen yesterday, but it does seem plausible..

    Im hanging in this time, should have let go in the high 20's and took a small hit, but Ive bitten the bullet and hope that Azure can make a decent re-rate move. There isnt even enough for me to sell into even if I wanted to...

    There is still a high chance of the SP heading north in the short term, again it just depends if Tony has a rabbit to pull out of his hat some time soon... Im under the impression he does...
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