AZS 0.00% $3.69 azure minerals limited

fat prophet, page-6

  1. 79 Posts.
    OK.. AZS was NOT in the 6 that they rec'd to buy on the 22nd. It was under the section "more cheap stocks" which was in their FREE email. "Why We Like This Tiny Mexican Gold Mining Company Back in June last year we recommended a tiny mining company to our Fat Prophets Mining & Resource Members. At the time, the share price was just 12.5 cents* and the market capitalisation just $14 million. It's a small company with big plans, just the way we like it! Here are some of the reasons why we liked that particular companyÉ The company's Managing Director has 25 years of technical and management experience in the mining industry, and in 2000 was presented with the Prospector of the Year Award by the Association of Mining and Exploration Companies. He has outstanding exploration credentials. The company is exploring for gold, silver, copper, lead, zinc and molybdenum in Mexico. Historically and at present, Mexico has been the world's number one silver producer. The region of Mexico where this company is exploring is host to one of the most prospective and yet under-explored mineral provinces in the world, containing numerous world-class copper, gold and silver mines. We concluded our initial BUY recommendation by saying "Éwe believe there is very little downside for Members, but rather, for patient investors, there is potential for tremendous upside over the longer term." Since we first recommended the shares to Members at just 12.5 cents*, they have traded as high as 31 cents*, before falling all the way back to around 12 cents* on Tuesday this week. For those Fat Prophets Members who bought the day after our initial recommendation at 15.5 cents, just one month later they would already have been on a 100%* gain. If they didn't sell, and we certainly weren't recommending they sell, they have had to helplessly watch as the shares have today tumbled all the way back to below their initial buy price. All that is despite the company announcing just last week that drilling in Mexico is progressing well, with results indicative of base metal mineralisation. According to the company, in that part of Mexico, that style of mineralisation also often contains elevated levels of gold and silver. As we mentioned above, patience will be required, but if this Mexican miner can strike it rich, we believe long-term investors will be highly rewarded. And the good news, courtesy of the general stock market sell-off, is that today the total company is only worth around $14 million, and for new Fat Prophets Members, its shares can be bought at around the same level as they were way back in June last year."
 
watchlist Created with Sketch. Add AZS (ASX) to my watchlist

Currently unlisted public company.

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