AZS 0.00% $3.69 azure minerals limited

Ann: Metallurgical Drilling Update from Mesa de Plata-AZS.AX, page-64

  1. 2,466 Posts.
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    Thanks Salpetie. Certainly things got a bit dismal for the company as recently as the middle of 2015. At 30 June 2015 there were about 1 billion shares on issue and a share price of 1.4 cents. That gives a Market Cap of only about $14 Million. The Market Cap graph dips down more steeply there than you have drawn and climbs back up more steeply as the potential of Alacran began to be realised. A Market Cap four bagger since then, in fact. All this is interesting to know but unfortunately we can't invest directly in MC and can only invest in shares, so it remains conceptual.
    All long term holders know the market will eventually wake up to the screaming value already here. Tony is right when he said "The Australian market is not doing us any favours at the moment" and it'll be more savvy North American investors who will be mopping up the impatient and flighty. Actually, they already are.
 
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