Im not convinced at this stage Bob... I personally think they were led to believe the ongoing release of sensitive Ann's throughout this year were supposedly meant to push the SP north, when in fact its done the opposite.
Take for example the latest Ann regarding the lead up to scoping study report... this is another failed attempt to interest the market and get them excited and push the SP up prior to actually releasing the report... I dont think I have even seen a company release a "price sensitive ANN" just to let us know the scoping study is on its way... seems desperate... this is the kind of attempts alike many of this years announcements that make me wonder if Tony is actually out of touch with the market..
over 10 years ago, pre Global financial crisis, this stock would probably be sitting 200%++ from this level, purely because the bull market and the small time investors got excited and threw money at such stocks without too much question... however since the GFC every one does huge amounts of research, and so they should. The research here would put a lot of risky question to mind..
The history has scarred Azure and Tony, one would be foolish to deny it.. Oposura is now literally their flagship tenement that we are all wondering if its really worthy?.... Alacran, though it has massive potential it is currently out of our hands at present and Teck could literally take advantage of Azure in time as their bank balance depletes rapidly.
Im worried, Im at the worst mind set I have been in along time with this holding... I want to let go, but at a near 50% Loss Im just living in hope now...
The Germans IMO arnt aiming to actually average down, as the small volumes they are buying as opposed to their initial investment would hardly average down to a decent entry... they would literally have to throw another $8million at this level just to average down to the likes of 25cents... I dont believe the volumes they are buying either are an attempt to accumulate due to supposedly confidence, their massive holding would be in huge profits if this stock could finally get of the floor either way... I believe they are literally holding the stock up and attempting to prevent it heading further south... I think we will see a few more of these Ann's.....
Tony's attempt to release a Ann saying we are on track for scoping study also seems like an attempt to prevent the SP falling lower, but I dont think even the scoping study will push the SP north... we have massive cash burn issues and revenue seems so far away, dilution seems inevitable... Im living in hope for a surprise Announcement that no one saw coming, a major JV or alike, like the old days of RIO announcement even though that turned into another fail, we need something like that to get the interest back here...
any way, this black duck sits and waits and lives in hope as does 99.9% of holders that Azure can bring something to the table ASAP... by the way dont hesitate to call Tony at the office guys, he is literally just sitting at his desk when not doing presentations most days, just sitting around willing to answer questions, SMH....unbelievable...
