AZR - Aztec Resources

[doctorj]

Re: AZR Aztec Resources- Little guy going Up?

In terms of support, AZR has been well supported by some of the larger Perth based brokers.

Time can only tell. IB's comment that it's not a company maker, but a company starter is a positive for me. While they've had to be flexible as a result of increased costs, they're looking for this to be a company starter. If AZR can become more than a 1 mine company, then that's a positive.

Depends on your time frame.

 

[el_ninj0]

Re: AZR Aztec Resources- Little guy going Up?

In terms of support, AZR has been well supported by some of the larger Perth based brokers.

Time can only tell. IB's comment that it's not a company maker, but a company starter is a positive for me. While they've had to be flexible as a result of increased costs, they're looking for this to be a company starter. If AZR can become more than a 1 mine company, then that's a positive.

Depends on your time frame.

I am in it for the long hawl, as I think they are in a great position currently, I cant say I know alot about their financial situation, but there actual situation in terms of how they are with their mine(s) is good, not great, but good enough to get them started.

I look at AZR in much the same way as I have looked at MGX, except as a less mature company. At some stage or another, they are going to be extremely profitable, just when that is, only time will tell.

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

If AZR can become more than a 1 mine company, then that's a positive.

Depends on your time frame.

I think you can count out their Uranium interests as it's not up to standard from what I've heard (something about 'grade' being too poor, that type of grade or quantity is very common).
THe tantulum is a possibility though in a few years and maybe more deals to get iron ore exploration going in WA.

 

[doctorj]

Re: AZR Aztec Resources- Little guy going Up?

I'd be quite happy if their core competency became finding old mines that have been prematurely closed and revamping them.

Most of their uranium assets are in WA. It doesn't matter how fantastic the ore body is if they're not allowed to dig it up. See SMM. By all accounts several good deposits around Mt Isa, but they can't do anything about it.

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

I'd be quite happy if their core competency became finding old mines that have been prematurely closed and revamping them.

Most of their uranium assets are in WA. It doesn't matter how fantastic the ore body is if they're not allowed to dig it up. See SMM. By all accounts several good deposits around Mt Isa, but they can't do anything about it.

Funny thing is that even a rumour can ignite little co's like AZR so be ready to sell on a mad up day, govt's may change policy on Uranium.

 

[el_ninj0]

Re: AZR Aztec Resources- Little guy going Up?

Funny thing is that even a rumour can ignite little co's like AZR so be ready to sell on a mad up day, govt's may change policy on Uranium.

On the uranium note, I think its important to note that uranium is not a long term solution, and therefore government are less enthusiastic about it than indicated by the media. Nuclear power generation is extremely expensive for companies in the short and long term and is already heavily subsidised in countries where nuclear power is in use.

Dont quote me on this, but the worlds entire uranium resources that we know of to date would only power us for the next 100 years at best.

 

[el_ninj0]

Re: AZR Aztec Resources- Little guy going Up?

Whats goin on here?, thats the biggest one day gain for AZR since april. Yet no announcement was made?, am I out of the loop or something?, do announcements get announced elsewhere before the ASX gets them??

Also, if there wasn't an announcement, was is the reason for the gain?

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

Whats goin on here?, thats the biggest one day gain for AZR since april. Yet no announcement was made?, am I out of the loop or something?, do announcements get announced elsewhere before the ASX gets them??

Also, if there wasn't an announcement, was is the reason for the gain?

As BlackDogsBarking say 'Koolan Island leaks like a sieve', so insiders know something and may have bought or it's something else. Maybe more exploration results? Who knows. Nice big day though.

 

[el_ninj0]

Re: AZR Aztec Resources- Little guy going Up?

As BlackDogsBarking say 'Koolan Island leaks like a sieve', so insiders know something and may have bought or it's something else. Maybe more exploration results? Who knows. Nice big day though.

Isn't it illegal to leak information?

 

[doctorj]

Re: AZR Aztec Resources- Little guy going Up?

People need to realise the Perth business community is very small.

Many people know the contents of announcements sometimes several days in advance. They do trade it.

I would expect that a portion, or all of the BFS has been leaked or an announcement is due in the next few days.

 

[el_ninj0]

Re: AZR Aztec Resources- Little guy going Up?

People need to realise the Perth business community is very small.

Many people know the contents of announcements sometimes several days in advance. They do trade it.

I would expect that a portion, or all of the BFS has been leaked or an announcement is due in the next few days.

And because of the rise in the share price, the announcement is likely to be seen as positive by other buyers/sellers?

That being said, my previous question was "isn't it illegal to leak information?"

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

Looks like a break in the downtrend is confirmed or about to be. Double bottom at 19c intact. Vol dropping. Question is will this rise into the annct and then fall back? (buy the rumour, sell the fact?). Anymore rumours from our well-connected Doc in WA? I reckon following the chart is a safer play as you never know how insiders may manipulate the info.

 

[doctorj]

Re: AZR Aztec Resources- Little guy going Up?

As reported today in the Fin Review, Redport has purchased AZR's royalty over PDN's Langer Heinrich project in exchange for an issue of 5.5million Redport shares (closed yesterday at 5.1c) and the right to first right of refusal to buy possible iron ore, manganese and chrome resources at redport's other tenements.

Redport will earn 12c per kg of U3O8 sold from LH - expected to be worth between $1.5-3.8million over the predicted 11 year life of the mine. Redport purchased the royalty with the goal of earning long term cash flow.

From AZR's perspective, they get to divest themselves of something that wasn't going to be material to their expected cashflows and give them potential access to some of Redport's tenements all the while maintaining leverage to uranium through Redport's other projects.

Also, I would expect the BFS to come out tomorrow with some luck. I look forward to finally being able to get a better idea of what Koolan is worth.

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

As reported today in the Fin Review, Redport has purchased AZR's royalty over PDN's Langer Heinrich project in exchange for an issue of 5.5million Redport shares (closed yesterday at 5.1c) and the right to first right of refusal to buy possible iron ore, manganese and chrome resources at redport's other tenements.

Redport will earn 12c per kg of U3O8 sold from LH - expected to be worth between $1.5-3.8million over the predicted 11 year life of the mine. Redport purchased the royalty with the goal of earning long term cash flow.

From AZR's perspective, they get to divest themselves of something that wasn't going to be material to their expected cashflows and give them potential access to some of Redport's tenements all the while maintaining leverage to uranium through Redport's other projects.

Also, I would expect the BFS to come out tomorrow with some luck. I look forward to finally being able to get a better idea of what Koolan is worth.

Thanks for that Doc, keep us posted on your analysis. Maybe the recent volume spike was because of the Redport news leak?? Let's see how it plays out today- sell the fact for the Redport news or buy the rumour for the bfs??

 

[doctorj]

Re: AZR Aztec Resources- Little guy going Up?

I doubt AZR gaining an interest in Redport would generate any buying at all. It's that immaterial to AZR, they've not even announced it.

Decent volumes lately, but nothing particularly exciting. Perhaps the BFS is a few weeks off yet.

 

[red]

Re: AZR Aztec Resources- Little guy going Up?

Activity may be related to large transportable camp arriving in Derby for transport by barge to Koolan

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

I doubt AZR gaining an interest in Redport would generate any buying at all. It's that immaterial to AZR, they've not even announced it.

Decent volumes lately, but nothing particularly exciting. Perhaps the BFS is a few weeks off yet.

That's the problem with insiders, they may have just fed snippets of 'rumour' and that could have got em going, no point speculating too much, hence my comfort in the charts as my 'insider'!! I love the descriptions of insider buying patterns in Edwards and Magee (back when no one outside The Street knew how it worked).
You are right, they haven't even announced it, guess any benefits will come years down the track.

 

[johnno261]

Re: AZR Aztec Resources- Little guy going Up?

That's the problem with insiders, they may have just fed snippets of 'rumour' and that could have got em going, no point speculating too much, hence my comfort in the charts as my 'insider'!! I love the descriptions of insider buying patterns in Edwards and Magee (back when no one outside The Street knew how it worked).
You are right, they haven't even announced it, guess any benefits will come years down the track.

Regardless of the above rumours, lets all look at the big picture and it appears that Mr.Burston has let the market down with not presenting the BSF once again on time!!! Maybe the BFS will come out tomorrow, but I am concerned that we are yet to see anything!! Just my opinion.

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

Regardless of the above rumours, lets all look at the big picture and it appears that Mr.Burston has let the market down with not presenting the BSF once again on time!!! Maybe the BFS will come out tomorrow, but I am concerned that we are yet to see anything!! Just my opinion.

Yes, that is a very good point, it's easy to get caught up in a stock and make excuses for it. In fact if Burston is such a good manager he'll have the bsf out tomorrow or early next week, anything longer we'll make us wonder if we can believe other statements made by AZR management. He has also suggested (See earlier posts) that it'll be very favourable so that's another point to note when evaluating it.

 

[red]

Re: AZR Aztec Resources- Little guy going Up?

26th May report said the BSF "was expected" in late June doesn't appear to be a deadline.
If the Derby report was rumour I wouldn't have mentioned it on this forum.