Conclusions
Buys:
AZM - Azumah Resources (PT $1.29). While at a similar stage of development
as Gryphon and Ampella, and with similar size and grade resource, it puzzles us why
the stock is trading at marked discount to those peers. A reason may be that the
company is not as widely researched or promoted as the others. Next key catalyst is
a resource upgrade from the higher grade Collette prospect. We regard AZM as or
No.1 pick in the sector.
This from Fosters a couple of weeks ago.
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