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$3.69 azure minerals limited

Already 2 x 100m+ hits in the first 12 holes. Who knows how much...

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27/06/23

15:10

Post #: 68493628
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Originally posted by calmbeforestorm: ↑

If you listen to the recent interviews Tony clearly states that they are not looking at doing a CR soon as they are well funded with $20m. He went on to say they will do a CR when the SP stabilises and it sure is not stable now even during the day and I doubt it will be for a while with frequent assay announcements. Stabilisation does not mean 2 days in a row of a similar SP.

A relatively stable SP will arise once a significant number of assays have been released ie we have a while to wait to know where the SP will go and stabilise from the drilling - my guess is it will take until at least mid to late August for the SP to settle and reflect the potential of the project based on a lot of assays and it may take even longer - the drill bit will determine what happens and where the SP stabilises as it always does.

AZS SP has been very volatile mostly on the upside. The SP needs a breather IMO and a pullback as the SP is over extended based on the limited number of assays. The project MC is now about $1b on 9 complete drill hole assays and 3 part assays.

I still have a view that the SP may stabilise around $3 (give or take 50c) before a CR and the project as Tony stated has enormous potential to be a very big resource.

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Already 2 x 100m+ hits in the first 12 holes. Who knows how much tonnage the project will have in the end.

AZS Price at posting: $1.50 Sentiment: Buy Disclosure: Held
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