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707 Posts.
78
14/05/18
09:05
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Howdy Ralph - great to see you have finally seen the light!
A retrace under 3c is pretty unlikely I think.
The massive turnover last week when the latest drill results were released saw a huge spike in the price and massive turnover.
Since then, volumes have tapered off a lot - but are still at very healthy levels.
The main point is that any stale bulls are likely out of the stock.
A second point is that new buyers have come in for a very good reason and are unlikely to be sellers below cost.
A third point is that there is going to be a steady stream of news flowing from a very active drilling campaign over the next six months.
As the story gets more coverage by analysts here and importantly in the UK, new buyers "discovering" AZM will need to pay up to get obn board.
We can speculate on how high it can go, but if its 6c then that is still a 67% lift.
If its 10c then that is a 278% increase.
So there ios plenty of upside in this little baby even at last weeks high of 4.6c.
Toot toot, all aboard..........
Hot news - just off the Iress screen - AZM CEO is off to London and then to Singapore for investor briefings........
excellent timing - given he has a great story to tell.
I topped up last week at 3.5c but am a tad overexposed....
.........but as they say in the classics: "You never have enough of the good ones!"
GLTA
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