AZY (ASX) AZY General Discussion

Originally posted by cate88: ↑

Telfer's tailing dam problems continue. The first report of problems was back on 24 December 2023 with tailing dam TSF7. Processing stopped for about 2 months.
Now milling has been suspended again at Telfer since 14 April with issues at the newest tailings dam, TSF8. Media today report it could be out of action until September.
That's hardly going to help any sale.
In hindsight price told the story - what we weren't aware of.
If you look at the share charts for GGP and AZY, they both peaked in late December and been falling since. A bit of a recovery, probably when processing recommenced again at Telfer, and another turn down in mid-April with the latest development. The market seems to be connecting our prospects with what's happening with Telfer. It's time we separated ourselves from this.
AZY is a great explorer and with POG finally breaking upwards we should have enjoyed a good price uplift. We haven't.
Our Scoping Study (while early stage) confirms the Stand Alone potential for Minyari. A maiden resource for GEO-1 (1.3km from Minyari) is expected in coming months. Proving up a 10 year mine life with an increasing POG should make Minyari a compelling project.
I don't think we can continue to sit back and see what eventuates in the province (if that's what's been happening). We need to make our own future and the focus should be on us bringing Minyari to production. We should make that loud and clear that we are moving forward. Bring in a well-funded partner if need be, for the purpose of fast tracking progression.
And if down the track one of our neighbours or another entity makes us a compelling offer of some sort, so be it. But let's not sit around waiting in the meantime to see what happens in the province. Time to make our own way and to be seen to be doing so.
Just my thoughts.

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Hear, hear!

Originally posted by scalper: ↑

Was not going to respond, but your last 3 posts all sounds nice and fluffy, bit like the greenies that can save the world by just switching off the coal fired power stations tomorrow, sounds great but in reality just does not stack up.

AZY did a scoping study in AUG 2022, you do a scoping study as it does not chew up a lot of shareholders money and you can see where you are at.

We came up short with only a mine of 7 years, for the last 2 years we are only producing 50,000 oz's pa by treating ore at .7 g/t or so.

You can tweak a longer mine life by lowering the cutoff grade or by building a 1.5 mt pa mill instead of a 3 mt pa mill, but that's curve fitting and your ASIC will go through the roof and make you unprofitable.

So at that stage in Aug 2022 you were not going to raise capital and stop drilling to work on a PFS & DFS for the next 2 years, the scoping shouted as such.

And if you did, no one would finance you and you have wasted 2 years and shareholders money, because your mine life would not have changed.

The quickest way to add value for all is by raising money for the drill bit, they made the correct call in my book.

By Aug this year, we very well might have a mine life at 10 years because of the DRILLING.

So So many companies in the last 2 years, at least a dozen from various commodities have gone BROKE into ADMINISTRATION due to rushing into mining, rushing the PFS & DFS and not understanding their orebodies and having to hedge the crap out of their production because they had to take lousy finance deals due to their lack of mine life and capitalisation at the time.

You stand on your soap box today with hindsight of where the gold price is now, but in AUG 2022 you had no idea like the rest of us of what the gold price was going to do, or is going to do from here on.

The numbers have to stack up, and if they don't you go out and do something about it.

And that's exactly what management have done.

I would not have stayed or invested in AZY if they had gone down the study route instead of the drill bit in 2022.

And i'm a big big believer in the AZY.

Just adding another perspective

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I know what Gold is gonna do over the next few years, just don't ask how... Target USD4,000.

Weekly chart below is looking promising with a downward sloping wedge, which normally tends to break upward. No matter how you slice this, action should heat up by the end of the year. 1.8 to 2c first resistance level, then 2.4c, 3c, and 4c, which would be about 160mil MC. Personally not expecting fireworks before the end of June - tax loss selling.

Accumulating patiently at 1.1/1.2.

No.	Vol.	Price($)
2	2003622	1.0¢

No.

Vol.

Price($)

2003622

1.0¢

Price($)	Vol.	No.
1.1¢	11331690	9

Price($)

Vol.

No.

1.1¢

11331690

No.	Vol.	Price($)
2	2003622	0.010
30	15505895	0.009
18	8676820	0.008
4	2250000	0.007
3	485000	0.006

No.

Vol.

Price($)

2003622

0.010

15505895

0.009

8676820

0.008

2250000

0.007

485000

0.006

Price($)	Vol.	No.
0.011	10314539	7
0.012	4475724	9
0.013	9813068	7
0.014	3761900	5
0.015	4193832	9

Price($)

Vol.

No.

0.011

10314539

0.012

4475724

0.013

9813068

0.014

3761900

0.015

4193832

(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $41.39M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$361.2K	36.09M

AZY General Discussion, page-328

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