And perhaps getting off track by buying into those other companies when the effort should have been on infill drilling and improving what is a known resource. I think the other factors mentioned are significant though. Maybe just bad timing. They needed something in development about 5 years ago before POG spiked.<30% conversion resource to reserve - market expects 50-60%. Indicates insufficient drilling. Seems no focus on project development and too much focus on selling a story
This could be one of the worst charts on the market. Thank God I bailed at the right time, when they still looked prospective. What a turkey over the past 2 years. What have they done wrong? Well, I think way too slow to get to DFS. Their Reserves were underwhelming. And, went off investing in other companies as 'strategic' investments. Just what is the relationship between Castle and Azumah? Any links to Croesus?AZM really tanking. 9 cents, just keeps sliding. 2 year chart a shocker. Anyone see a potential turnaround story, or are they doomed?
I think I know why 7c was a 'bottom'. With 334m on issue at .07c = $23m MC. They have $16m in cash and investments that puts the delta at $7m and their 1.7m ounces at just over $4 an ounce. I guess it's oversold down there...I wonder how much of a bottom that dip to 7c was?
I reckon someone let the cat out of the bag a week or so ago. Don't like leaky ships.
Resources significantly upgraded, but I don't think it was expected at this point. Maybe I've stopped following closely enough.
Still, at this time in the cycle, depending if you're gold stronger for longer, they need considerably more tonnage at these grades. Like GRY, may have missed the boat.
FS due Q2. Wasn't that due 2 years ago?
Too slow AZM!
AZM managers look like they've been 'mining the market' as opposed to actually developing a mine. The resources are in the ground and they've been sitting on their hands for over 10 years. I was gutted that I missed that spike up to 80c but glad I didn't get stuck without a chair. The next FS is due in Q3 this year. About 10 years after the BFS was supposed to be complete. Keeping an eye on any drilling updates.
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Feas should have been done and dusted in 2011 but instead we've just had the same quarterly one after the other - "Next quarter we'll be updating the Feasibility Study"And perhaps getting off track by buying into those other companies when the effort should have been on infill drilling and improving what is a known resource. I think the other factors mentioned are significant though. Maybe just bad timing. They needed something in development about 5 years ago before POG spiked.
Yep, these guys a model for the climate alarmists. Just keep putting out statements saying that in the next x number of years something will happen, but, NADA. Joke.Here we go again.
"The scheduled completion of the updated Project Feasibility Study early in 2020"
Good that you do not post in the threads to do with climate, because you never did know much about it.Yep, these guys a model for the climate alarmists. Just keep putting out statements saying that in the next x number of years something will happen, but, NADA. Joke.
Feas was 90% there at end of 2010 for a smaller project that could have provided the cashflow for ongoing exploration and expansion a la the Adamus Resources story.Yep, these guys a model for the climate alarmists. Just keep putting out statements saying that in the next x number of years something will happen, but, NADA. Joke.
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