In all fairness though, I do have a semi-serious question. With the state of the markets and especially commodities can we actually sustain upward pressure/momentum in the SP in the near to medium term (1-6 months)? Most of us expect BLM approvals to have an instant upward pressure on the SP which is understandable.
Lets just say the SP opens at 20c on approvals (being very optimistic here), I'm very concerned we will just continually trickle down (to lower than pre announcement) as we have seen with many recent positive sensitive announcements. After we get approvals, I'm not sure we will have any big enough news to keep climbing or stay steady. So if we drop back in SP after BLM, how are we going to get back on track?
I know I may sound short sighted and beginning to sound like the other serial down rampers in this post, but I do have a legitimate concern. I 100% know in the long term we have huge potential, but for the short term I'm not sure these approvals will keep us out of this downward spiral.
Please someone prove me wrong . Every time the markets (& AZL) look like they are recovering, we then drop even lower.
To be clear, I 100% believe in AZL as I've invested my hard earned cash into them, I just absolutely hate how the markets are manipulating all stocks especially commodities.
AZL Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
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. Every time the markets (& AZL) look like they are recovering, we then drop even lower.
(20min delay)