It's taken me a while, sometimes I'm rather slow - but I've finally jumped in and bought after watching this one consistently rise and rise and rise.
The chart of AZM reminds me very much of both BSG and PRU when they were at similar price levels. It was around this price level that I finally jumped into those stocks after watching them consistently rise, so I'm hopeful AZM goes to $3.00 plus like those stocks did from a similar looking chart pattern.
The ease with which AZM raised $30 million at 60 cents recently was impressive.
I guess it also took me a while to be convinced that this company looks like it has the goods. With the huge amount of drilling being undertaken we probably look set for a significant flow of positive news in the months ahead.
In my opinion its juniors with big drilling campaigns and proving up millions of ounces of gold that will really take off when the market develops an increased love affair for gold equities.
If that is the case, then AZM's current rise in price may look tame compared to what I think may be ahead.
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