AZL Daily Report, page-438

And the slow grind continues?.

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Yes, we gained another pip to finish on 2.8, on another low volume day, just over 4.5m shares traded.

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So from a price perspective, nothing dramatic happend this week, though we got a good news, as well as US scene has improved. But last week we finished at 2.4, so still a decent rise. We still playing in same zone around 2.5 and 2.9, only positive is we are closer towards upper range.

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Its a slow grind. Li macro also a bit iffy, so not helping the cause. But now I feel either of two games will play out. We follow general Li macro, and rise the tide with that. Or, suddenly we have a big surge. The AZL prospect has increased dramatically, and if some big players realise the potential, we could see a surge. It could also come from an announcement.

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So we now have to wait and see how it plays out. But there is no doubt we are at much better position fundamentally, and slightly better position price wise. We still wait for our first positive number at 3.5. It has eluded us for a long time. But who knows, we reach there shortly, better next week. Will that happen? Let's hope so. Enjoy your weekend and all the best.