Ann: Andover Nickel-Sulphide Zone Extended, page-80

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MrLong2019

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22/12/20

22:24

Post #: 49766812
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Originally posted by jogo: ↑

I am not about to argue whether it is TA afficianados or fundamentalists or traders or shorters who have any intelligence.
However, your graph of short behaviour shows a dramatic rise in shorts even as AZS announced resuts at Andover. Since that coincided with a dramatic rise in the SP should we wonder? Perhaps speculators exist who speculate that if a stock goes up dramatically, it can come down too?
I readily accept that AZS was pushed up too high and a pull-back is reasonable. I also accept that there is a very high level of uncertainty as to what level of resource may be present at Andover. As drilling proceeds, the answer will become more apparent.
Is AZS speculative? Absolutely, and more than most at present. It has been a dog for years in Mexico and Creasy has given it an opportunity in WA that no one could have predicted but that at the same time has given him a listed vehicle to develop a few promising tenements with public assistance. Is Creasy so gung-ho about al this that he wants to commit more funds? No.
Will AZS now be oversold - most probably but this has to be conditioned as to what future drilling results reveal.
Will I buy more - show me the drilling results.
Will I sell out - show me the drilling results.

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It’s nice for change to read something that isn’t full of flaming, vengeance and bias.

AZS Price at posting: 57.5¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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Ann: Andover Nickel-Sulphide Zone Extended, page-80

Top Stories

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Nimy to raise $1.21M to explore 'newsy' WA targets

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Bitcoin investors need to know the risks

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Immutep reports strong response rate from immunotherapies treating carcinomas

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