Probable azure trend trajectory over next 18 months (imo, based on a decade of longitudinal share price data and my own personal observation of shareholder behavior gleaned after several years inhabiting these forums) is as follows:
An upcoming exaggerated share price spike on large volume following newsflow (intercept etc) ... ‘rally’ losing steam within a week or 2 ... followed by a prolonged and soul-destroying downtrend over numerous months as mirage fades and hope replaced by despair (or sickly overly-ebullient optimism *cough cough) ... followed by a languid bottoming as the price finds a rut
It’s a neat predictable cycle which has made plenty of AZS traders swags of loot over the years (not so much the LT investors though unfortunately). But the process is not self perpetuating. It relies on the maestro (Tony) continuously cranking the lever to keep the wheel turning and the new money pouring in
If Tony has lost his ability to crank the machine into the cycle, if ASX sentiment has finally soured to such an extent that traders will not touch our shares, then the party may finally be over for us all and we’ll all need to wait for the tenement to be monetized to eke an ROI!
AZS Price at posting:
25.0¢ Sentiment: None Disclosure: Held