I haven't seen so persistent buying into AZY for a while now. And it does not appear to be from inexperienced retail investors. It is solid support but without rushing the SP and is persistent.
I am sure there is something going on but not sure what so here are some possible speculative calls:
1. Another JV
2. Some positive exploration results
3. Decent visuals on the cores at one or more Packmans
4. MEM could be exploring Parklands and hitting decent grades - this will be really good as NEM will be accelerating the development of such discovery to support Telfer. Even if they decide to sell Telfer, such discovery makes the sales more valuable.
AZY General Discussion, page-404
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $41.39M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $361.2K | 36.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2003622 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 11331690 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AZY (ASX) Chart |