Ann: $37 Million Placement, page-62

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Frestootnik

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30/11/20

15:37

Post #: 49241346
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Originally posted by Brightoil: ↑

Hi bluesky Dolcevita philsy and Batcher thanks for the insight. Appreciate feedback. The reason is that I've been burnt holding a stock for 10 years that literally went up 5 times and than crashed to the ground...so didn't want to make the call myself. I cant discuss with my missus as she will just say sell all.

As for trading I sold 10% at 85c already and base on a buy price of 30c. I first bought a few weeks back at 18c having watched azs drop from like 60c to 5c.

If you read my earliest post the reasons I bought were:
1) Creasy as he's an astute investor
2) Tony as he discovered Cosmos
3) Nickel is hot - follow the trend.
4) watch small caps and it said Creasy had already two discoveries at Andover which he didn't have to declare as he's a private company. So AZS got given a resource which already hit nickel.

As a human mum and Dad I'm a bit disadvantaged as can have emotions play out. When gold crashed after covid vaccine found my other specs got smashed and I was tempted to sell AZS to make up but instead sold some of my gold specs.

So anyway I've decided to hold for the next few holes. My initial concern was that it got sold off due to hole 5 results being bad. However I'm comfortable it wasn't the results but the placement that causes the price drops.

when you mentioned research from hotcopper, small caps what other research do I need to do?

I'm a newbie to nickel and resource as was a tech stock trader btw

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Not cross promoting but perhaps look at St George’s (SGQ) history of drilling Mount Alexander over the past few years and the corresponding HC analysis for an analogue - some astute insights in that forum might contribute to an improved understanding of Ni exploration.

I use MarketIndex to go back and find old ann’s.

AZS Price at posting: 91.8¢ Sentiment: Hold Disclosure: Held
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