Quite agree....now that we have shaken out the pre IPO investors I would expect that some accumulation may start to occur between 22 and 25c before it breaks out of the current trading range....looks like 25c is short term resistence...post acquisition I would expect 30c+
good growth to be expected in the next 12 months and with projected earnings of 26.5 million EBITDA FY 2012 an EPS fully diluted (280 million) of 7c /share and even at 10-15 x P/E Ratio we have a shareprice of 70c - $1.05c per share 25c looks cheap
Go long on this one IMO I bought more at 23c today
Cheers MMM
AZG Price at posting:
22.5¢ Sentiment: LT Buy Disclosure: Held