AZG 0.00% 3.6¢ allmine group limited

In regards to someone feeding shares around the 20 cent mark,...

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    In regards to someone feeding shares around the 20 cent mark, when AZG took over the remainder of Construction Industries Australia they paid $3 million in shares at 20 cents a piece. That's 15 million shares on top of all the people who bought at IPO who might want to offload.

    Good support level forming here and with the writeup on Roger Montgomery's blog we could some very good exposure in coming weeks, although Montgomery himself hasn't jumped on board as yet. That guy seems to be on everything these days spruiking mining services companies (and been very right in terms of share price performance the last 3 months). He's been very wrong about a few companies as well though.

    Part of the reason I got into AZG a few weeks ago was all the other mining services business appeared to have reached full value





 
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