Theres just no demand atm for little companies without proven track records of earnings like AZG. Volume barely hits $100,000 most days - so even small investors with a reasonable sum of money in Allmine, who decide to offload, can depress the price substantially.
This too will pass...the tide will turn. Allmine simply need to keep delivering - the more research I do the more I can see that their forecast revenue is quite reasonable. Break down the individual companies that compromise the Allmine group - calculate expected revenues and I come up with an estimate between $135 - $150 million in known revenues. Even if they only achieve half their forecast earnings for 2012 they are on a PE under 5!
AZG Price at posting:
12.0¢ Sentiment: LT Buy Disclosure: Held