AZH 0.00% 24.5¢ azimuth resources limited

near $1 !, page-22

  1. 619 Posts.
    lightbulb Created with Sketch. 47
    I'm holding tight too. It sometimes requires firm hands and a cool head to do so, for example when you see the share price drop from 99c to 75c in the space of four days, recover to 90c, and then slide again, to 81.5c this morning.

    But the chart still looks fine to me.

    And, according to the exploration update on 24 January, the company 'remains on track to release a maiden JORC code compliant resource in March 2012'. Not long to wait.

    Further, as the company notes, its 'exploration has only scratched the surface so far'.

    And it has 5 drilling rigs on hand, $18m in the bank, and top class management - to try to deliver 'a multi million ounce resource' by the end of 2012.

    I guess the big question is: to what extent has this all been factored into the share price? Time will tell...
 
watchlist Created with Sketch. Add AZH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.