AZH 0.00% 24.5¢ azimuth resources limited

alot of interest, page-24

  1. 10,469 Posts.
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    ozgem

    I am not sure when the DnD magic will wear off. Could be in about 1 month after the recommendation.

    Many DnD followers are a bit fickle and selldown during major market corrections. They often buy in too high and suffer badly during the corrections.

    The reality is that AZH has a fair few shares on issue, no resource, a good (but not brilliant) set of drill results and lots of highly prospective tenements for exploration.

    To maintain interest it will need to keep delivering, and I question whether there are enough drill rigs in place for that.

    I am expecting the usual market downturn in April/May when people will seek to sell their speccies in order to reduce risk. There will also be some people selling to lock in profits.

    So a significant retrace is highly likely.

    Geez, I hope it runs to 40 cents so I can sell and buy back in a lot cheaper later on. We got to a high of 37.5 cents today, which is simply amazing.

    loki
 
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