Australian (ASX) Stock Market Forum

AZH - Azimuth Resources

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Nice break today.

AZH 14042011.gif
 
looking like things are starting to warm up
31-08-2011 10-55-53 AM.png

Break to new highs, news flow expected on resource in September.
Should give it a bit of support.
 
mr. jeff said:
looking like things are starting to warm up
Click to expand...
I agree. I believe that as the price of gold inevitably starts to move north of $2k junior miners such as AZH are going to start going crazy. I opened a position last Monday with that expectation.
 
Has anyone been watching this stock?

It's been in a strong uptrend all year. It was 50c at beginning of 2012, now it's nearly $1!??

Up 30% in the last few days... no one is interested?

If anyone holds, please let us know :)
 
I've been watching it very closely, Too bad I have most of my Trading $ in other shares ATM :banghead:, Great stock :D
 
Still happy to hold. Wish I'd bought more of this and not sold MAD when I did. Such is life.

They are due to release maiden JORC numbers for the Hicks and Smarts projects in March so I am expecting a positive move on that news.
 
Hi Chasero.

Ive been holding AZH for nearly 14 months now. Bought in originally at 12 cents, so been a happy ride so far.

Results from drilling in Hicks, west/east omai, smarts and kaburi show extremely promising grades. no debt, CR back in October which was oversubscribed and raised $19m which will further developments and exploration all lead to a rosy future for AZH IMO.

on the radar of analysts as well. most recent analyst report attached.

http://www.epsilonenergy.com.au/index.php?option=com_investorcentre&view=files&id=4&Itemid=36

Big potential for future upside, but am now free carrying so happy to sit and wait and watch from the sidelines.

Also Hold: MSR, MAD, BCC, PCL
 
I'm disappointed to add that I haven't held the whole time since my last post, however it seems that there is significant news flow with:

- maiden JORC
- further drill results
- updated recoveries
- artisanal area investigation

So that is what will support the price this year and with the drilling to come there should be further reporting. They way it is shown in their latest (15th Feb) presentation, they could be sitting on a pretty large JORC resource - if you look at the drilling map for Smarts :

07-03-2012 6-25-40 PM.jpg


You can see that there are a lot of intercepts at good grades and over a significant area. Any half decent analyst would have already calculated a very rough resource from that I would assume.
 
By my calculations the resource is quite decent just for smarts drilling.

There is more than enough for 10 years production in that alone.

I may even show my workings later.
 
Looks like they tried to release some drilling results around noon to stop the downward trend but didn't help.
 
Fantasy09 said:
Looks like they tried to release some drilling results around noon to stop the downward trend but didn't help.
Click to expand...

I doubt they would have a stack of results there labelled "available for release as required" !

But what were the results can you update us ?
 
Director buying yesterday at 65c.

He bought around 50k shares or so..

I think AZH has been way too heavily sold off. Will be interesting to see what happens next week.

I always felt like I missed the boat when I first noticed AZH. Not going to miss another opportunity this time around. :)

Looking at the trend from april last year 30c to today's date at 60c.. spiking upwards to 90c (where I'm sure a lot of people have sold off), long term trend is still in tact.

EDIT: Not sure if many trend traders out there (but draw a line from the low of 30c, should see bottoms @ 40c 50c and around 60c). Hence why I chose to enter today @ 63c. Could be wrong!
 
Chasero said:
Director buying yesterday at 65c.

He bought around 50k shares or so..

I think AZH has been way too heavily sold off. Will be interesting to see what happens next week.

I always felt like I missed the boat when I first noticed AZH. Not going to miss another opportunity this time around. :)

Looking at the trend from april last year 30c to today's date at 60c.. spiking upwards to 90c (where I'm sure a lot of people have sold off), long term trend is still in tact.

EDIT: Not sure if many trend traders out there (but draw a line from the low of 30c, should see bottoms @ 40c 50c and around 60c). Hence why I chose to enter today @ 63c. Could be wrong!
Click to expand...

Bounced off 61c nicely...

Didn't pick the bottom @ 63c but happy to hold.

Current share price 67c :)

Long term trend still up! This is purely on charts.. I dont even know what AZH does.
 

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