re: production going well Obviously not going to go up if oil price keeps going down a dollar a day. However I bought again today for a few reasons.
1. For AZA whole trading life never gone under the diagonal trend line support that is currently about $1.37.
Last week or so has shown the strength of this support
2. As we said Basker Manter not factored into SP due to current price of Oil.
3. Although current Oil chart looks average. I think a fundamental change or two will stop the price going much below $50. Eg Middle East, external manipulation etc
4. Oil price wont need to hammer up to give people confidence in AZA. Will just need to stabilise. Eg form a trading range between $50 and $55.
Yes I am a holder, but not a ramper- Just dealing with the facts
AZA
anzon australia limited
