Conclusions Buys: AZM - Azumah Resources (PT $1.29). While at a similar stage of development as Gryphon and Ampella, and with similar size and grade resource, it puzzles us why the stock is trading at marked discount to those peers. A reason may be that the company is not as widely researched or promoted as the others. Next key catalyst is a resource upgrade from the higher grade Collette prospect. We regard AZM as or No.1 pick in the sector.
This from Fosters a couple of weeks ago.
AZM Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held
