I've previously made some posts in regards to ASX companies putting Trading Halts for very average drill results, and how AZY with some of the most spectacular drill results in Australia last year, never once called a Trading Halt. Even when AZY upgraded the resources @ Minyari with an extra 1.2Moz gold & @ Calibre with extra 800,000oz gold, they never called a Trading Halt
Another poster argued with my post, that it was the ASX that decides which drill results deserved a Trading Halt, and that it wasn't the companies' decision. The poster tried to go to great lengths to prove me wrong, but wasn't able to
A classic example, Kairos Minerals, which I think is an OK company. On the 23/05/22 they called a Trading Halt for 2 days regarding drill results. On 25/05/22 they released their drill results, & average is an understatement. Compared to AZY, AZY'S drill results are several times better & up to X8 times better than Kairos drill results. These are Kairos' Trading Halt worthy drill results from yesterday:
• Latest results include:
• 49m @ 1.75g/t Au from 135m in KMYC196 (The Gap), including: o 19m @ 3.29g/t Au from 153m
• 24m @ 3.14g/t Au from 100m in KMYC198 (The Gap), including: o 14m @ 4.30g/t Au from 104m
• 28m @ 1.66g/t Au from 32m in KMYC194 (Main Hill), including: o 12m @ 3.26g/t Au from 32m
AZY could easily play the "spin" game and quite deservingly hype up every freaking awesome ann. to boost their market value. But I much prefer their very disciplined, professional & patient approach, where their actions speak louder than hype. For those getting share tips from their yoga instructors or their dog groomers, and who are just focusing on daily sp without looking at what's staring right at them with AZY... it's to your own investing detriment
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