I feel the price is at 2 cents because the market
assumes Rio will probably walk . Markets being forward looking I think that news is being factored into the price . Company needs to get the drill bit fired up ... plenty of cash in the tin .
Drill Drill we have great targets and potentially an early development option. Clearly Rio have been tantalised by the Blue Steel anomaly and the fact that they have grabbed a 1000 sq km of tenements surrounding the AZY land package can't be discounted . Rio was happy to drill to 600 metres and were left scratching their head . Will they leave it unresolved ?
Cash of 8 mill mkt cap just over 20 mill I'd suggest we're looking discounted full stop . In a market and society that craves a constant information feed , our periods of long pauses hurt our share price . Professional outfit looking forward to news of the next drilling program .
Cheers
I feel the price is at 2 cents because the market assumes Rio...
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $56.52M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $42.55K | 3.551M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 14226218 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 12565248 | 15 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AZY (ASX) Chart |