As for gold, welcome to the new bear market. With rates around the world rising rapidly, and the inverse relationship we all know gold has to the USD, one could do better than to bank on that commodity - or silver for that matter. So at least good to hear they’re offloading those “world class” Mexican silver assets - you know the one the company talked up to no end as being their bright future!
If investors were to pull their heads out of fantasy world for just a moment, they’d realise what I do: it’s extremely rare for this company to surprise to the upside. The last time that happened was October last year.
Most likely yesterday’s move can be attributed to a regular pump and dump.
The possibility of a massive positive find is perhaps 1%. I don’t think it’s worth the risk.
But then again, VC-07 was supposed to be that massive positive find, and the share price went from $1.02 at its high last year, right back to 20 cents over a month ago.
Do people even research what they’re investing in these days?
Sounds like herd mentality mixed with ignorance to me. And that never ends well.
AZS Price at posting:
43.0¢ Sentiment: Sell Disclosure: Held