If long term shareholders recall AZM struggled in a short term downtrend in early 2010 prior to the announcement of a proven reserve upgrade. Some short term selling pressure similar to JP Morgan also took place at this time. The response from the market in the next 3 weeks to the revised reserve estimate was an appreciation from a low of 20c to a high of 50c. 150% appreciation. Food for thought and will history repeat again? I have accumulated additional holdings recently based on this theory and have confidence the AZM new reserve estimate will test the 2 million ounce mark. Good luck to all shareholders.
If long term shareholders recall AZM struggled in a short term...
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