For those that are still holding shares you now have to sit tight and let the company do what it has to do..
The opportunity for getting out with a nice profit at the higher levels has now subsided.
Those that bought knowing that we were expecting drill results got what they wanted and have now left the building.
Now it becomes a longer term situation.
The Jorc in April might get people excited again and then comes the reality of either finding a joint venture partner which I believe would be there preferred option or having to go back to the market for a major capital raising.
I think AZS is primarily an exploration company that likes to find the discovery and then hand the reigns over to the big boys with plenty of money to get the project up and running.
They can then turn their attention to exploring in other areas and start the process over again.
It's a good story but will take time to come to fruition and if no more drill results are pending then it might settle around these levels until the Jorc is announced.
AZS Price at posting:
7.8¢ Sentiment: None Disclosure: Not Held
