bidding up now, page-11

re: azr - one the move... chooch...

As I see it, the options are all or nothing at this stage.

The 12.5-13c range was a key level for the OFP's...so to is the 16-17c range.

When 17c is breached, I have a short term target of at least 25c, which would see the options clearly in the money at expiry!

Depending on various scenarios however, the price could easily go a lot higher...it all depends on what sort of announcements we might get.

I have previously mentioned that I was hoping for an MOU or sales agreement from either the Chinese or Japanese prior to the completeion of the BFS...possibly with an accompanying placement or capital injection designed to get the oppies over the line.

A similar thing happened with FMG when they were trading in the 60's...the rest, as they say, is history!

Some serious money has been moving in of late, most of which I suspect is long term, suggesting that at some point, the "traders" will have mostly sold out, leaving very few sellers about.

Cheers!