Massively beaten down resource stock, beaten down below all reasonable estimates of fair value.
Big dollar buyers have come, especially since initial assays released a few days ago, and then today from offscreen at higher prices.
Both former spec superstars during the resource boom, both found a floor price around $0.005 where large volumes went through as value seekers absorbed capitulators.
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AZY tiny $3 million cap with $1 million cash from recent rights issue and R+D refund.
Massive gold-copper deposit, low grade so far.
However they are drilling currently and initial results indicate that after several years, they may have finally cornered the elusive high grade, big dollar zones:
- 30m at 2.3 g/t gold and 0.2% copper, from 107m, including 6m at 6.99 g/t gold and 0.48% copper, and 1m at 22.76 g/t gold and 0.26% copper.
- 55m at 1.44 g/t gold, 0.11% copper, 0.59 g/t silver and 0.05% tungsten.
Drilling ongoing with dozens of new assays to be revealed progressively in the near term.
Backed by Mark Creasy, who took AZY shares in return for one of his large tenement packages in WA.
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Last
1.1¢ |
Change
-0.001(4.35%) |
Mkt cap ! $51.81M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $166.4K | 15.12M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
44 | 16044575 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 543258 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
44 | 16044575 | 0.010 |
27 | 11977900 | 0.009 |
14 | 7172820 | 0.008 |
4 | 2250000 | 0.007 |
3 | 2525000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 543258 | 2 |
0.012 | 12112754 | 18 |
0.013 | 9613125 | 10 |
0.014 | 6185506 | 8 |
0.015 | 4917599 | 8 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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AZY (ASX) Chart |