AZS 2.27% 32.3¢ azure minerals limited

Alacran is an asset, I agree. But very difficult to use as...

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  1. 1,407 Posts.
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    Alacran is an asset, I agree.

    But very difficult to use as collateral, because (a) Azure’s ownership stake over this resource is tbc, and (b) the tenement may not be available for sale or exploitation for another few years, at least

    Sara Alicia is an ‘asset’ in the same way Prom is an ‘asset’. It’s a v marginal patch and it’s economics remain highly questionable. A bank would not lend against it, and the market will attribute no value to it unless it believes minerals can be extracted profitably

    Im not trading Azs. I don’t see how it’s possible to trade this stock. There’s no volume or excitement. The stock only ever moves in one direction (down).

    And obviously you’re not accumulating. None of the so-called bulls are buying in any meaningful quantity (despite showing perpetual ‘buy’ sentiments). And I can understand why. There’s a sense the stock could fall much lower over coming weeks and months
 
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