One of the cheapest gold stocks on the ASX working off market cap/ mineable oz.
Its a shame they used Paterson's for the cap raising, they are renown for dumping their shares at the first sniff of a profit.
Excellent entry point for new investors, solid support around 4.5 cent level. This looks like a great long term hold if your bullish on gold, highly leveraged to upward POG price movements.
As a few of the long term holders have mentioned, we will need to see some decent volume to blow off the cap raise hangover.
Nice looking chart too.
AZM Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
