IMO, if there were to be a CR, then it would happen after the JORC is released. New investers would want a confirmed resource not just drill hole results. AZS would be banking on a very good JORC to bargain on a higher issue price. With that in mind and taking the CR off the immediate agenda for now, we can expect a steady price rise into the JORC announcement.
Yesterday was a negative day for the ASX and commodity prices. When they recover so will AZS.
AZS Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held