I think AZS is close to offering good value at its current price, at least for a short - medium term trade. Almost at historical lows, with plenty of short term catalysts.
Oposura resource estimate expected in June, Sara Alicia stage 2 drilling completed with assay results expected within a couple of months, Alacran latest drilling results due soon, with Teck committed to continue drilling at Alacran for the rest of 2018 at least.
I bought a small parcel today, averaging down slightly, and see value. I understand the frustration of long term holders here, but with three significant drilling projects running concurrently and some cash remaining, I'm positive.
AZS Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held