AZH 0.00% 24.5¢ azimuth resources limited

exploration update - kaburi and smarts, page-23

  1. 1,076 Posts.
    And with the cost of supplying power being greatly reduced by the Amalia Falls hydropower plant being built will greatly reduce production costs. I think this broker has been extra conservative in its estimatesas a rwesult of course of trading recently. As some of the posters had commented when AZH seemed to be tearing away to the $1 it was getting a bit ahead of itself. The corollary to that, of course, we saw with that drop it had when the last drill results were good but not stupendous, thrilling etc etc which some of the punters had just come to expect as the norm. "Short Concentration span", "sense of entitlement"dominated the market there briefly not that I wasn't excited by it . Plenty of scope to make money whichever way one plays it.
    Also U.R .A.O I agree its not beyond thinking that double the resource size is possible-Just needs steady drillingof vast areas they hold in Guyana, labs to not lag in returning results etc- all takes time.
 
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