I don't like SRI. It's cheap for a reason. As for AZY, it is...

I don't like SRI. It's cheap for a reason.

As for AZY, it is being bought because of the RIO JV and being located in prime location.

I posted this on the AZY forum:


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I looked through posts from 2 days ago and there were quite a few day traders who got on and are probably selling today because they have to at T+2.

I don't know who's buying though. I can only assume it's those close to AZY who know what's coming. They'd have a good idea about RIO.

I guess the big positive is the continued buying since Monday. If it was a hollow development then the share price would have sunk back but it's not moving down at all.

Hold onto your hats IMO