bidding up now, page-12

re: azr - one the move... For those interested...

AZR has a real chance of doing an FMG, but obviously on a much smaller scale!

All they need is to announce some forward sales agreements and accompanying cash injection, or placement and they will be off...just like it happened with FMG!

It wouldn't take much of an injection, say $5-10m, but as long as the price was set high enough, the implications would be substantial and should effectively help get the oppies over the line...and by so doing, provide most of the funds required to progress Koolan.

With the $24m from the options conversion and possible placement monies, AZR would be able to easily debt fund the rest.

Anyway, one to keep an eye on!

It has recently traded through the important 13c barrier and is now trading at important levels once again.

Most selling today was your typical "trader" sized parcels...with the biggest trades of the day being "at market" buys.

Of particular intertest, were two reasonably sized orders that took out the 15.5c line when, for the first time all day, a bit of selling volume had appeared.

Prior to this, very patient accumulation had been the order of the day, with buyers being very careful not to bid up the price.

Also a serious move on the options today, signalling a quantum shift in sentiment regarding their possible value as an "in the money" option in the near term.

Some funny business at the closing auction, so today's close should read as a 15.5, whilst today's VWAP is closer to 16c...just 4c from the options exercise price!

I keep thinking of AMU, when their options went from .003 to 19c in just 13 weeks.

Cheers!