Notwithstanding it was a red/down day for the market it does seem strange that;
1]prior to today's announcement the MC has been hovering around 135m with a share price steady between 4.3 to 4.6 for weeks;
2] today's announcement more than doubled the MRE plus added significant resources to the copper,silver,cobalt inventory ;
and the sp does not at least double in line with the increased resource .
I accept the sp may have had factored into it a greater resource than had been published, but it does not explain the meagre sp uplift today as the resource uplift announced today I believe exceeded any ones expectation.
What AZY needs to announce to so impress the market and uplift its sp is beyond me.
I am very impressed with not only the announcement, but the success so far of the jv's.
I bought more and am prepared to wait as I cannot believe the current MC is a fair reflection of the company's current value.
I know I should not argue against the market but I do feel in short time a re rate will occur.
Patience is required and hopefully will be rewarded.
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