AZM 3.57% 2.9¢ azumah resources limited

Ann: Acquires 69,000 oz High Grade Julie West Project-AZM.AX, page-23

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  1. 581 Posts.
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    It has continued to look strong and I must say I have been surprised at how well it held after the quarterly 4C which to me suggests cash is running a bit low so either capital will be raised soon or they will build into development finance if it is that close to being announced.

    Seems someone is trying to push this higher deliberately but it keeps surprising with further support.

    Great prospects for this little company if they can get the costs on mining to a sustainable level and the SP in my opinion becomes more leveraged to POG if the POG can get above 1300 which will strongly improve feasibility of this mine.

    My big regret on this one is holding for the past 18 months and selling for a small profit at 4c in the past month only to find it bounced to current price......oh well.....win some lose some.

    Good luck to the long term patient ones and hopefully this run continues for you. I may re-enter if it eases back a little and POG continues to run up to support this development as the asset base is extremely promising if the mine cost is feasible
 
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Currently unlisted public company.

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