AZH 0.00% 24.5¢ azimuth resources limited

Symbol / Company AZH / Date Picked 23-01-2013 Price When Picked...

  1. 163 Posts.
    Symbol / Company
    AZH /
    Date Picked
    23-01-2013
    Price When Picked
    $0.280
    Company Overview
    Inside Trader Comments:

    This one grabbed our attention due to the significant Directors activity as well as a large and sustained increase in buyer demand and smart money.

    This gold explorer operates in Guyana (South America) and believes it is a much better operating environment than West Africa even though it is similar geologically.

    The story sounds compelling and the price will most likely be driven by news and drilling/exploration results.

    Of course, an operation like this still has to be regarded as speculative but with the current interest in the stock, it looks like a good bet to us. Possible short term gains as well as good long term results if everything goes to plan.

    from their website:

    Azimuth Resources is developing gold and uranium exploration projects in Guyana, South America, (East and West Omai Projects prospective for gold and the Amakura Project prospective for uranium mineralization).

    West Omai
    Aggregation of licenses granted for gold and precious metals located between 15km and 60 km to the west and northwest of the Omai Gold mine.

    West Omai is Azimuth's cornerstone project. It sits astride a largely unexplored 30-40 kilometre strike length of the same structural stratigraphic corridor which host's Iamgold's 3.7 million ounce Omai Gold Mine. The West Omai Project presents excellent potential for the discovery of significant gold resources. Key features of the project are:

    The largest single artisanal bedrock gold working in Guyana - the Kaburi Prospect, where multiple sub-parallel 5-20m wide quartz stock work and sheeted vein zones have been exploited within an area of 500m by 400m. Kaburi had never been subject to drilling or modern exploration prior to Azimuth Resources drill program in November 2011.

    Numerous artisanal bedrock and alluvial gold workings combined with several regions of significant geochemical stream sediment anomalism, all of which can be spatially related to readily discernable regional structures, lithologies and trends. These define a discreet corridor of gold mineralization and a first order target for systematic exploration.

    A substantial portion of the mineralized corridor is masked by a thin veneer of unconsolidated transported overburden (White Sand) which has left large portions of the corridor untested and virgin.

    The management of Azimuth believes that high shareholder returns will be realized through an early focus on the aggressive, systematic and thorough exploration of the West Omai Project, building on the known existing near surface gold resource, while underpinning long term shareholder value by pursuing a measured and cost effective approach to the exploration of its large regional land holdings. Azimuth's ultimate objective is to become a gold producer as soon as practical with the longer term goal to reach mid-tier gold and uranium producer status based on low cost, long life operations.


    Nielsen Indicator Buying Level
    2.8 times more buyers than sellers
    Weekly Trend Analysis
    Downtrend
    Daily Trend Analysis
    Uptrend
    Short Term Support
    27c
    Short Term Resistance
    33c
    Director Activity
    Date Director Action Volume Average Price Total Consideration
    16-10-2012 Terence Harvey BUY 100,000 $0.400 $40,000
    16-11-2012 Michael Hunt BUY 200,000 $0.300 $59,660
    16-11-2012 Terence Harvey BUY 200,000 $0.300 $60,000
    13-12-2012 Michael Hunt BUY 67,639 $0.250 $16,910
    21-12-2012 Terence Harvey BUY 195,946 $0.230 $45,045
    21-12-2012 Richard Monti BUY 230,800 $0.236 $54,506
    04-01-2013 Michael Hunt BUY 199,730 $0.240 $47,935

    View Director Activity Chart
    Graph

    Top Bar - Stock Price
    Bottom Bar - Nielsen Indicator
    Additional Graphs
    NI End Of Day Chart

    http://www.theinsidetrader.com.au/niit.php?action=spotw



 
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