AZC 0.00% 2.7¢ australian zircon nl

will it get a bottom smack..., page-18

  1. 34,005 Posts.
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    melua I agree there is potential here, thats why I have averaged down to, but management did miss most all the targeted production they set for themselves,
    On the flip side their product prices are controlled by Iluka who have come to their senses and are drip feeding the zircon to China which has to be good for AZC. Also there are some smart guys on the board (clark, jacobs) who are keeping a close tab on wilton and the other goons.
    THere is upside here I doubt it will go down to 5 cents (a cap of $20M) as that would put theh company on a PE of 1 (if they can get production up to 750 tons per hour)
 
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