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3.2¢ azumah resources limited

Ann: Kunche High Grade Intercepts to 500m Below Surface, page-8

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choCWolf

1,045 Posts.

257

15/05/19

16:06

Post #: 38579116
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Originally posted by danis1977 ↑

Excellent grades, but the intersections aren't thick enough to be significant at this stage, highlights the high grade potential though.
Still not a lot of market interest in gold explorers across the board.
The interesting aspect of AZM is the Ibaera capital holding. How are they planning to get a return on their investment?
I wouldn't be surprised if their strategy is to push to improve the project metrics, then look for project buyout, otherwise their capital will be tied up, and any return will depend on the projects ability to attract finance and progress through to production.
If their intention is to hold through to production, it will be in their best interest to help attain that finance.

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What forces are at work to keep the SP down?
Terrible day after the release of more decent news.
Now it would be nice for the company to release some more positive news beyond just drilling results.

AZM Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
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