AZM 3.57% 2.9¢ azumah resources limited

I'm not much for conspiracy theories......well that's probably a...

  1. 2,871 Posts.
    lightbulb Created with Sketch. 16
    I'm not much for conspiracy theories......well that's probably a lie, but in terms of the stock market, there's always fingers being pointed at reasons why a price is not doing what people want it to do.

    Unfortunately, and I'm disappointed as well, but the timeline for these guys seems to just keep draggin on. So I'd has at a guess that a large reason would be frustration and grass greener elsewhere views occurring. Yes I agree we need to keep drilling and developing the resource. Yes I agree this has to be done to attract either financing or a JV partner.............but how long is piece of string??

    I thought 2 years ago they had all their ducks lined up and looked really good for the next stage of development.......in parallel with further drilling of course to keep building the resource figure. Gold was in the toilet then so I thought, be patient the winds will change......

    Well, I'm still waiting.... and seen no real change in sentiment to small gold explorers trying to move to producers. There has been little real positive news from the company on any real talks or external interest in the project. So I don't blame people for bailing.

    Waiting for gold to hit $5000 is just not gunna happen tomorrow....so I too will be reassessing how long to hold out hope for them to find the mother-lode or to become a producer and start generating cash and investor returns.
 
watchlist Created with Sketch. Add AZM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.