AZR - Aztec Resources

[tech/a]

Re: AZR Aztec Resources- Little guy going Up?

An inside day is very common with rises so sharp over short timeframes.
Its tommorows and the next day that will be the key.

Ill be suprised if the Stop is threatened.
Pretty normal so back to work!

 

[crocdee]

Re: AZR Aztec Resources- Little guy going Up?

hi all
yesterday md ian burstan added 366918 shares to his holding.
how positive is that?
question now is how far away are we from an announcement?
definetly a hold situation for me.

good luck to all who hold this looks like it could be big.

regards croc

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

Here's the details of today's news as mentioned by Croc,

Change of director’s relevant interests in securities
Name of Director: Ian Fred Burston

Date of last notice: 17 June 2003
Date of change: 11 January 2005
No. of securities held prior to change: 1,000,000 Shares

Number acquired: 366,918 Shares
Number disposed: Nil
Value/Consideration: $53,203.11
No. of securities held after change: 1,366,918 Shares

This suggests he bought at 14.5c, which is good value, looks like he's got great timing!! Let's see what the annoucement is. Always good to see the top dog at AZR buying in.

Price is steady around $17.5c atm.

(Just an afterthought, if Burston bought in at an average of 14.5c yesterday (Tue11Jan) that means the price should have gone down to 14.5c that day but my charts show it didn't go lower than 15c, which means he probably bought the day before (Mon 10 Jan) when it was at 14.5c)

 

[DTM]

Re: AZR Aztec Resources- Little guy going Up?

Pardon my ignorance, but what are the AZROA 31 Jan options?

 

[tech/a]

Re: AZR Aztec Resources- Little guy going Up?

Company Traded Options AZROA.
You can trade them as you do a share or you can buy and hold them and if in the money exercise them for shares at the expiry date.
Just another way for the company to make a $$.

Dont see a 50K increase in holdings to be much to go balistic over a good house cost $400K.If the Director thought it was going to fly short term then more would be bought.
Chances are its more a long term proposition.

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

Dont see a 50K increase in holdings to be much to go balistic over a good house cost $400K.If the Director thought it was going to fly short term then more would be bought.
Chances are its more a long term proposition.

The MD has increased his holding by over a third but as you say Tech it's not a huge amount (especially for him). He still holds 1.36m shares which is a fair amount. This is just my opinion but I think he may be just timing his purchases to give himself and the market the best chance. For the MD it was a great price, for the AZR watchers it's an indication of confidence and good things to come, might also be a try at getting the options (exercise price is 20c) over the line to net the co a cool $25m (or was it more?).

If the co was valued at about 20-23c by most analysts upto a year ago then it should at least be at that price after the resource upgrades and diminishing risk profile of the last six months. So any current reports should see it at atleast 20c, I can't see why it's still waiting on annoucements to hit 20c. But that's the fundamentals side of it, maybe the current rally will see the technicals bring the price to fair value. (see first few posts in this thread for reference to AZR valuations and report locations- on AZR website).

This has been an interesting week, sure to get more so as the days go by....

 

[tech/a]

Re: AZR Aztec Resources- Little guy going Up?

Rich you could be right CUE Directors did exactly that.

I cant post charts the sizing is to small.

 

[crocdee]

Re: AZR Aztec Resources- Little guy going Up?

hi rich
good post can't say anymore than that. lets wait and see what will happen from here. generally after a good volume and price hike day there will be a pullback. the good thing here is the close of today was the same as yesterday. its only time for it to all come together and it will.

for me i will wait for the announcement and see what they say, well knowing what the full storey is. i will then reassess my position.

regards croc

 

[tech/a]

Re: AZR Aztec Resources- Little guy going Up?

Here is what I tried to post yesterday.

Thanks Boss.

 

[crocdee]

Re: AZR Aztec Resources- Little guy going Up?

hi all

well we got off to a good start today 18.5c as i speak. buy depth much stronger atm. be interesting to see what the day has in store for us.

croc

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

Yep, volume stronger than yesterday too and already hit a new high of 18.5c. People may finally have 'discovered' the true value of AZR after the iron ore action and may mark it up to fair value. Let's see. I'd like to move my stop up as soon as practicable, let's see what kind of tech pattern is unfolding...

 

[doctorj]

Re: AZR Aztec Resources- Little guy going Up?

If we can break 0.190 today on good volume, my TA suggests we're in clear skies. Looking at the market depth we might just be able to do that.

 

[crocdee]

Re: AZR Aztec Resources- Little guy going Up?

actually now that i have had time to settle down, looking at the chart 18.5c poses a double top, which if not broken usually signifies a down turn.
buy depth very strong so hopefully we can make a new high today.

what are your thoughts tech

regards croc

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

Yes, interesting point Croc, but it need not be a double top, could end up a being a flag or ascending triangle with 18.5c being the resistance, or even a pennant, just depends on how it pans out. Have to agree with Doc about the potential for 19c to be taken out, depth in favour of bulls atm. If AZR releases even a reasonably favourable annoucement this week confirming the bullish prospects this one'll just keep going.
Let's see what Tech's view is, the more perspectives the better but we can't do much while this is playing out as it is...

 

[doctorj]

Re: AZR Aztec Resources- Little guy going Up?

Has anyone raised there stops yet?

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

My stop's at 16c and I haven't moved it but I think Tech said his had gone from 15.5 to 16. 16.5 seems to be the current support. I'm still waiting to see the pattern that unfolds, I'm looking to move mine to 17.5c...

 

[tech/a]

Re: AZR Aztec Resources- Little guy going Up?

Here is a 5 min tick chart nothing much happening.
Break of 18.5 is the key to this chart.
I dont raise stops when its doing its thing.
If there is a sign of weakness than stops are tightened.(I then have a reason)
Youll never get a big profit taking a small profit

You lot really get excited!

 

[doctorj]

Re: AZR Aztec Resources- Little guy going Up?

I've lifted mine from 15.5 to 16.0. As Richkid suggests, 16.5 seems to be providing good resistance, in my opinion if it breaks 16.5 there isn't much reason to hang around the extra half before stopping out.

As for excitement, I'm in Perth and my better half has been heading off to work lately the last few weeks, giving me precious little to do till I head on in to the office at a very leisurely 9.30

 

[RichKid]

Re: AZR Aztec Resources- Little guy going Up?

Here is a 5 min tick chart nothing much happening.
Break of 18.5 is the key to this chart.
I dont raise stops when its doing its thing.
If there is a sign of weakness than stops are tightened.(I then have a reason)
Youll never get a big profit taking a small profit

You lot really get excited!

Tech,
In terms of your tactics, you said in the commenatary to the last chart you posted (post#69) you might exit at 16c if it closed there- but I assume that was when the patten was still a bit shaky and we thought it might fall back. So once it's going in the direction anticipated you stick to stops till the price has moved well away in strength? (that is what I do, more or less) Just checking if I understood it. My stop has stayed where it was set, let's see if the sp cooperates!! I see 19c as crucial as that's the measurement I got (see previous posts).

I'm enthusiastic about this one because I've been following it and things are finally coming to fruition or will soon. It's good to see the effort being rewarded. This is the enjoyable part of trading- touchwood, this one could still come back a bit.

 

[DTM]

Re: AZR Aztec Resources- Little guy going Up?

Hopped off AZR @ .18 and hopped into ADY @ .081.

Hopefully see you guys again.