Azure SP, Charts, TA and FA discussion...

Just thought I would create a new thread to discuss anything you like regarding Azure... feel free to put up charts, any technical analysis, fundamental analysis, discuss share price action, media releases etc...

If possible, please leave the petty back and forth low content posts... I know how frustrating it can be to enter a conversation with ignorant or arrogant posters, but in simple, its just not worth the effort... best do what I do and put those that annoy you on ignore... no point being moderated endlessly, Azure threads moderation does take place regularly.. so please keep it cool calm and collect...cheers...

quick recap on Azure:

as we know Azure Minerals Limited is developing its portfolio of projects related to precious metal and base metals in Mexico.

On 28 August 2019, AZS notified that it had signed an agreement with Minera Teck S.A. de C.V. for AZS’ acquisition of all of Teck S.A. de C.V.’s rights and interests and has taken full control in the Alacran. Teck S.A. de C.V. is a subsidiary of Canada’s Teck Resources Limited (100% ownership). Therefore, for this purpose AZS has issued 27,545,566 common shares of the company to Teck and now Teck Resources holds 19.9% stakes in AZS.
From the previous exploration of the Alacrán project, AZS had discovered two precious metal deposits; comprising of high-grade Mesa de Plata silver deposit (resource of 10.5Mt at 82g/t silver for 27.4Moz of Ag) at near surface and Loma Bonita gold-silver deposit (resource of 5.4Mt at 0.9g/t gold and 28g/t silver for 150,000oz gold and 4.8Moz silver) adjacent to it. The deposits have 32.2Moz of silver & 150,000oz of gold resources and the company is planning for potential upside for both the metals. For this purpose, the company has scheduled to carry on drilling in the fourth quarter of 2019.
Further, in June quarter report AZS mentioned that Alacran has the potential for having large porphyry copper deposits as the Alacran property is close to giant Cananea / Buena Vista del Cobre copper mine and others.

Locations of Mesa de Plata and Loma Bonita deposits, Source: Company’s Report
On 2 September 2019, AZS stock last traded at A$0.165. The company has a market cap of A$20.78 million and ~138.55 million shares outstanding. The YTD return of the stock is of 15.38 percent.

Currently we are have a trial mine for Oposura in action, we should be expecting a update any time regarding the trial mine... according to previous reports the trial mine should be in strong action if the time schedule has been adhered to. Azure is projecting monthly production between 1,500-3,000t with the trial mine. It has already mined and stockpiled about 1,200t of massive sulphide ore with a head grade of 10-15% combined zinc and lead.

Azure has said the next step for Oposura was to happen this month (september), expecting to execute a toll treatment agreement with a third-party sulphide flotation processing plant.

"We acquired Oposura in August 2017, and to be commencing an early-stage, low-cost, high-grade mining operation within 24 months is a great achievement," managing director Tony Rovira said.
"This operation allows Azure to realise early cash-flow that will help fund the ongoing feasibility study, which will ultimately see Oposura in full-scale production."

So at present Azure should be progressing well... We need a outcome for what will transpire at Alacran now that we have 100% ownership again... personally I am excited about Alacran, the revenue potential here is massive and actually puts our current share price/ Market cap at a way undervalued price... Alacran should prove to be a game changer for Azure depending on what transpires here...

Current chart is showing strong inclines with  2 bullish pennant formations.. 2nd formation should confirm directions.. I am of the strong belief that we will be testing the low 20cent range resistance...  strongest volume in near 2 years... high strength momentum confirmed..

current 12 month chart:



current market depth has reversed, more buyers than sellers... Buy side is gaining.. AZS looks to be tightly held at present... holders are waiting some updates that could possibly push the SP past resistance level rapidly..

Finally it looks like Azure is gaining interest via media, brokers and investors..

Looking forward to some updates... Good luck to holders.. stay possitive, this could finally be the turning point for Azure..