Ann: Resource Drill-Out Completed at Oposura, page-51

In my opinion, the Azure business model is based on commoditisation of news flow.

What tends to happen is the company acquires a tenement (San Augustin, Telix, El Tecolote, Loreto, Panchita, Promontorio etc), expectations are raised, share price rallies, and then oscillates up and down as holes are drilled and assays are released to market.
Speckled throughout the news flow are capital raises.

At no point are any minerals extracted from the ground for sale. Its not that sort of a company.

And then at some point, the froth subsides, the tenement fades into the back ground, is mentioned less frequently and then not at all. Ultimately It becomes just another of the ragtag assortment of scattered tenements listed on the company website. This is when the share price enters its deepest trough.

And then suddenly the company announces the next big thing. The share price experiences a fleeting spike. New holders swarm the register, and there’s a laser beam focus on the new prospect. Old projects are entirely forgotten or viewed as entirely irrelevant.

This has been the repeated narrative for many, many years. For the narrative to gain traction though, it relies on people looking ahead to what 'may potentially come to pass' rather than backwards at what 'ultimately tends to happen'. It relies on greed and blind optimism rather than caution and good sense.

The people that make money with this stock are not those who spend time tracking commodity prices, or studying geo surveys or speculating on the economics of mine development.

Success is determined simply be understanding one's current location in the story arc, jumping in at the right moment and grabbing as much loot as possible and escaping before the current chapter ends and the new one begins.