It's premature to say that AZH is at risk of a significant pullback. You've got to disregard the day-to-day noise and look at the big picture. While Hicks is currently the focus of management, if you speak with experienced geo's in the industry, they point to AZH's East Omai block as a sleeping giant- a potential 5M-10M oz resource over time. Yes, you heard it here first, 5-10M oz. Look at TSX-listed Guyana Gold- a 4M oz resource, now in production, which is valued at circa $900M. Still plenty of upside for AZH holders.
AZH Price at posting:
34.0¢ Sentiment: LT Buy Disclosure: Held