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122

06/04/23

14:21

Post #: 67172012
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Originally posted by Maccajohn: ↑

I won’t be surprised to see SP fall from current levels until the next announcement (assuming it’s favourable) - it’s typical of price reactions from explorers.

When the first and subsequent assays are announced, the SP will probably kick up more as many potential investors and even existing ones thinking of adding, will want to see good grades and thickness (assuming they will be good), before buying (ie de-risking).

Any really big moves will not occur until/if after a number of announcements are made reflecting continuing good assays (assuming they continue to be good). The better the assays the bigger the SP will kick up (and opposite can happen from poor assays).

I am not expecting the first assay results unless May, more likely in the second half due to delays in labs (unless they speeded up the results).

I am particularly interested in results from RC drilling targeting shallow depths especially those close to the 100m+ wide pegmatite outcroppings where the rock chips showed multiple high grade assays.

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I would expect that they would fast track initial samples to confirm they are on the right track and provide a comparison for the possible use on site of XRD analysis to monitor/plan the drill programs.

AZS Price at posting: 41.5¢ Sentiment: Buy Disclosure: Held
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