well thats easy to explain... I originally bought on the hope of Teck and Alacran... mean while the results that were supposed to come out in Feb are still delayed, wonder why that is?...hence Im still here, and I still believe Alacran is worthy of a buy... so yes, still a buy in my books, and yes I am negative toward Azures play of the market of late...
you like every other holder, other than a few wise holders, are obviously going to attack or belittle negative posters because you want to believe in your holdings, however ignorance will not make you money..
I see what is going on here...
IMO I believe the recent Raise was enticed via Alacran and Teck with the added bonus to the investors that a string of announcements would take place to pump up the SP prior, so there would be plenty of opportunity to dump the stock... however I think Tony has failed to understand the market is used to this game play... in his resent presentations he seems baffled and desperate to entice new shareholders, but it isn't happening...
Patersons are renowned for large placements using false dreamy promises... as we know the $8.2 million placement was to underpin development studies at the so called company’s flagship Oposura zinc and lead project and fast track exploration and development at the high grade, "near-surface" gold and cobalt project at Sara Alicia... however while results and reports are being announced the market is not excited..why?...
what the likes of you and those that think like you fail to understand is time and cash burn and future dilution... why hold shares long term if you know for a fact future dilution in inevitable, wouldn't you better to wait for entry.. some here try looking toward a dreamy future for Azure, long term bla bla bla... but I haven't seen an intelligent presentation from Tony yet regarding a revenue time frame if drill results are as expected, thats because he is happy getting his fat pay for making phone calls and doing presentations and interviews..
I will either lose a heap because Alacran is a fail, or I will make my 30% and be gone for a while... I have decided one would be better to hold at even a 1000% higher SP then the current SP as long as funds are secure prior to the first injection of revenue... If I could see that in 12 months Azure would need no more money and they were in the process of setting up a mining plant then I would put my holdings in the bottom draw...but that isnt going to happen any time soon... the word "development" may need to be studied by Tony so he understands it means work, actual hard work.
but hey, again yes this is worthy of a buy regarding Alacran...
AZS Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held