Suffice to say, at some point Azure’s shareprice will have collapsed to such an extent, and current shareholders will have absorbed such a full range of calamities, that there will be a bounce
Perhaps not a huge bounce. Its unlikely to be a sustained one either. But it will provide a fleeting opportunity for a moderately profitable trade. I do believe that.
Won’t be soon though, imo. There’s plenty more price erosion (and probably another share consolidation) on the cards before that inflection point arrives.
Look at the buy/sell queue. See for yourself how close we are to total capitulation. Anyone with more than a small handful of AZS shares is literally unable to offload then for ANY price. It’s a total liquidity trap.
Drake must be laughing in retrospect at having offloaded these bad boys to the Germans for 13c lol.
AZS Price at posting:
13.0¢ Sentiment: Sell Disclosure: Not Held