tech/a
No Ordinary Duck
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Re: AZR Aztec Resources- Little guy going Up?
DTM
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AZR - Aztec Resources
- Thread starter RichKid
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doctorj
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Re: AZR Aztec Resources- Little guy going Up?
Any thoughts on today's trading and the future for AZR?
Lots of volume but unable to better 18.5. End of day profit taking saw the stock fall back to the open price.
Any thoughts on today's trading and the future for AZR?
Lots of volume but unable to better 18.5. End of day profit taking saw the stock fall back to the open price.
RichKid
PlanYourTrade > TradeYourPlan
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Re: AZR Aztec Resources- Little guy going Up?
Yes, looking slower, but still at high levels, let's see if it can break that resistance. Volume is still high but a close above 18 would have been convincing. Time will tell...
Yes, looking slower, but still at high levels, let's see if it can break that resistance. Volume is still high but a close above 18 would have been convincing. Time will tell...
tech/a
No Ordinary Duck
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Re: AZR Aztec Resources- Little guy going Up?
Well the price action is pretty lackluster.
Todays volume better than yesterdays and price couldnt go in with it.
Close of 17.5 indicates late sellers rather than buyers.
Right now there is a balance between buyers and sellers.
In candlestick patterns we have a Tweezer Top (Double top).As most know this indicates failure to break resistance and some see it as an entry for a short in this case.(Top Pattern)
Stop still at 16c for me but dont think we are going to get rich from this one on this thrust.Tommorow will show pretty clearly whats in store.
Well the price action is pretty lackluster.
Todays volume better than yesterdays and price couldnt go in with it.
Close of 17.5 indicates late sellers rather than buyers.
Right now there is a balance between buyers and sellers.
In candlestick patterns we have a Tweezer Top (Double top).As most know this indicates failure to break resistance and some see it as an entry for a short in this case.(Top Pattern)
Stop still at 16c for me but dont think we are going to get rich from this one on this thrust.Tommorow will show pretty clearly whats in store.
Re: AZR Aztec Resources- Little guy going Up?
howdy all
for me a disappointing close leaving us in the double top syndrome however buyers still out number sellers. 116 buyers 10996528 shares as against 112 sellers 8748824 shares but that could all change oneway or the other tomorrow.
something to ponder on?????
getting the oppies whilst raising $25mil will bring another 121mil shares on to the market with an end result a dilution of the sp.
if the oppies finish out of the money the funds needed for further development will have to come bank loans or placement or perhaps both.
it all now depends on what and if an announcement is made to test the fate of the oppies. wouldn't you like to be a fly on the wall.
regards croc
howdy all
for me a disappointing close leaving us in the double top syndrome however buyers still out number sellers. 116 buyers 10996528 shares as against 112 sellers 8748824 shares but that could all change oneway or the other tomorrow.
something to ponder on?????
getting the oppies whilst raising $25mil will bring another 121mil shares on to the market with an end result a dilution of the sp.
if the oppies finish out of the money the funds needed for further development will have to come bank loans or placement or perhaps both.
it all now depends on what and if an announcement is made to test the fate of the oppies. wouldn't you like to be a fly on the wall.
regards croc
RichKid
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Re: AZR Aztec Resources- Little guy going Up?
Hi GP, good point about the options but it depends on where the price ends up at the end of the month, for options to be worth converting it'll have to be 20c+, if it makes it to 20c it could go to 23++ rather than just stopping dead at just over 20c so dilution may not have an effect till later. All depends on the share price and annoucements...
Good news though is that by looking at previous swings up it generally ends up breaking that resistance before long, hence my remarks about flags, pennants, triangles, can't say till the price action reveals the pattern. Very short term view doesn't look as bullish as it did before, espically as those spikes keep hitting resistance, a bit toppish. Might end the day as same as yesterday. Volume is still solid, as at 11.30am about 3m. Depth has picked up now and this co is certainly more actively traded now.
(speaking of technical sp changes due to option exercise I've started a thread on Bolnisi Gold (BSG) which fell due to that reason as prices were adjusted, it's a tech and fundamentals play imo--> https://www.aussiestockforums.com/forums/showthread.php?p=5884#post5884
Hi GP, good point about the options but it depends on where the price ends up at the end of the month, for options to be worth converting it'll have to be 20c+, if it makes it to 20c it could go to 23++ rather than just stopping dead at just over 20c so dilution may not have an effect till later. All depends on the share price and annoucements...
Good news though is that by looking at previous swings up it generally ends up breaking that resistance before long, hence my remarks about flags, pennants, triangles, can't say till the price action reveals the pattern. Very short term view doesn't look as bullish as it did before, espically as those spikes keep hitting resistance, a bit toppish. Might end the day as same as yesterday. Volume is still solid, as at 11.30am about 3m. Depth has picked up now and this co is certainly more actively traded now.
(speaking of technical sp changes due to option exercise I've started a thread on Bolnisi Gold (BSG) which fell due to that reason as prices were adjusted, it's a tech and fundamentals play imo--> https://www.aussiestockforums.com/forums/showthread.php?p=5884#post5884
Re: AZR Aztec Resources- Little guy going Up?
hi all
well i think a pretty lackluster finish to the week, however a better close @ 18c than 17.5c which could have easily been.
we will now have to look forward to next week to see what unfolds.
regards croc
hi all
well i think a pretty lackluster finish to the week, however a better close @ 18c than 17.5c which could have easily been.
we will now have to look forward to next week to see what unfolds.
regards croc
doctorj
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Re: AZR Aztec Resources- Little guy going Up?
According to one well informed chap on sharescene, InvestmentWise tipped AZR this week which has resulted in the large number of small parcel trades. Also, apparently there are some rumblings of AZR as a TO target soon in some media outlets. I can't say I've seen that, but I don't think its particularly believable for the time being.
Anyone decided to take a punt on AZROA yet?
According to one well informed chap on sharescene, InvestmentWise tipped AZR this week which has resulted in the large number of small parcel trades. Also, apparently there are some rumblings of AZR as a TO target soon in some media outlets. I can't say I've seen that, but I don't think its particularly believable for the time being.
Anyone decided to take a punt on AZROA yet?
RichKid
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Re: AZR Aztec Resources- Little guy going Up?
Nice to see it hitting the min move expected at 19c, let's see if it can stay there. Yes, the lagging tipsheets would be in by now. Some brokers have tipped AZR long ago so it just adds to the momentum. This might make people start doing the math on valuations and it may go to the old estimates in the early twenties (20-23c at least).
Takeover rumblings are probably because of the Portman deal igniting the iron ore sector but that was not about high grade iron ore (as AZR is) so unless someone knows of a co looking to muscle in on Japanese and Chinese interests which have been associated with AZR for awhile it is just speculation. Doesn't hear to have publicity though.
AZR volume currently nearing 13m- looking really good!! Would be good to have more buying depth though, lots of orders. Not sure if enough time left for AZROA, this'll be a very close one for the oppies, especially as no annoucements have been made.
Nice to see it hitting the min move expected at 19c, let's see if it can stay there. Yes, the lagging tipsheets would be in by now. Some brokers have tipped AZR long ago so it just adds to the momentum. This might make people start doing the math on valuations and it may go to the old estimates in the early twenties (20-23c at least).
Takeover rumblings are probably because of the Portman deal igniting the iron ore sector but that was not about high grade iron ore (as AZR is) so unless someone knows of a co looking to muscle in on Japanese and Chinese interests which have been associated with AZR for awhile it is just speculation. Doesn't hear to have publicity though.
AZR volume currently nearing 13m- looking really good!! Would be good to have more buying depth though, lots of orders. Not sure if enough time left for AZROA, this'll be a very close one for the oppies, especially as no annoucements have been made.
doctorj
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Re: AZR Aztec Resources- Little guy going Up?
What a dodgy day for our dear mate, AZR. The market got the announcement they were waiting for and were obviously disappointed. Ended up droping considerably in the dying minutes of trading.
What a dodgy day for our dear mate, AZR. The market got the announcement they were waiting for and were obviously disappointed. Ended up droping considerably in the dying minutes of trading.
Re: AZR Aztec Resources- Little guy going Up?
dj
todays announcement is only the beginning of the unfolding storey behind koolon island.
patience is the virtue here it will take its time but it will happen.
many more announcements to come yet.
regards croc
dj
todays announcement is only the beginning of the unfolding storey behind koolon island.
patience is the virtue here it will take its time but it will happen.
many more announcements to come yet.
regards croc
RichKid
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Re: AZR Aztec Resources- Little guy going Up?
Agree with Croc, Doc.
Issue is these negotiations take time, it's just our luck that it hasn't been done in time for the oppies or the co would have had a lot of money in the bank. Now it looks like they are just trying to give out as much positive info as possible without misleading the market. With the worldwide iron ore price negotiations not far away lots of deals will be being done so they are working furiously, it just hasn't happened in time for the sp to skyrocket but it is a healthy trend.
Thanks to Croc's observation about the dilutory effects of the options we can atleast take a positive into next month- ie sp wont be affected negatively as the oppies appear to be dying a slow death. BUT anything can happen between now and the 31stJan (see below). The current trend suggests the oppies 'may' (slim chance) end up in the money. Whether many will be exercised in time (thus affecting AZR sp) is another question.
I am still trying to find out if the last trading day is 21 Jan (Friday) and if the last day to convert to shares is 31st Jan. I expect it is but no one seems to know as I posted a thread on it in the Beginners Lounge: https://www.aussiestockforums.com/forums/showthread.php?t=839
Agree with Croc, Doc.
Issue is these negotiations take time, it's just our luck that it hasn't been done in time for the oppies or the co would have had a lot of money in the bank. Now it looks like they are just trying to give out as much positive info as possible without misleading the market. With the worldwide iron ore price negotiations not far away lots of deals will be being done so they are working furiously, it just hasn't happened in time for the sp to skyrocket but it is a healthy trend.
Thanks to Croc's observation about the dilutory effects of the options we can atleast take a positive into next month- ie sp wont be affected negatively as the oppies appear to be dying a slow death. BUT anything can happen between now and the 31stJan (see below). The current trend suggests the oppies 'may' (slim chance) end up in the money. Whether many will be exercised in time (thus affecting AZR sp) is another question.
I am still trying to find out if the last trading day is 21 Jan (Friday) and if the last day to convert to shares is 31st Jan. I expect it is but no one seems to know as I posted a thread on it in the Beginners Lounge: https://www.aussiestockforums.com/forums/showthread.php?t=839
Re: AZR Aztec Resources- Little guy going Up?
tech
do you still hold.
atm it doesn't look good for the oppies and looks like we are going to stay around the 18-19c range until they expire.
i'm still holding and probably will until the get most things sorted.
burstans plan will be well set by now, would be great if we all new what it was.
any thoughts
regards croc
tech
do you still hold.
atm it doesn't look good for the oppies and looks like we are going to stay around the 18-19c range until they expire.
i'm still holding and probably will until the get most things sorted.
burstans plan will be well set by now, would be great if we all new what it was.
any thoughts
regards croc
tech/a
No Ordinary Duck
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Re: AZR Aztec Resources- Little guy going Up?
Yes.
Right now Im happy to keep for a while.
However no movement or a close at 16.5 within 3 or 4 days will see me looking for another opportunity and placing this on watch for a breakout if and when that occures.
Yes.
Right now Im happy to keep for a while.
However no movement or a close at 16.5 within 3 or 4 days will see me looking for another opportunity and placing this on watch for a breakout if and when that occures.
Re: AZR Aztec Resources- Little guy going Up?
hi all
has anyone given thought to the scenario that the chinese might [ at the eleventh hour] underwrite the oppies thus making a cheap entry and then perhaps even offering further funding to get the show on the road.
there doesn't appear to be any reason why AZR should be dismissed as a player in the iron ore market. all reports tell us they have the ore in the ground with a futher potential to increase production from futher exploration.
it really now becomes a question as to where we as shareholders say bank and take profit before the sp falls. thats the crystal ball stuff for us.
atm the peak could be 22-25c [maybe more who knows] but where do we get out and where do we re-enter if you believe there is more potential for money to be made.
just a few thoughts that are going through my mind.
anyway something else to think about.
comments anyone.
regards croc
hi all
has anyone given thought to the scenario that the chinese might [ at the eleventh hour] underwrite the oppies thus making a cheap entry and then perhaps even offering further funding to get the show on the road.
there doesn't appear to be any reason why AZR should be dismissed as a player in the iron ore market. all reports tell us they have the ore in the ground with a futher potential to increase production from futher exploration.
it really now becomes a question as to where we as shareholders say bank and take profit before the sp falls. thats the crystal ball stuff for us.
atm the peak could be 22-25c [maybe more who knows] but where do we get out and where do we re-enter if you believe there is more potential for money to be made.
just a few thoughts that are going through my mind.
anyway something else to think about.
comments anyone.
regards croc
RichKid
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Re: AZR Aztec Resources- Little guy going Up?
Hi Croc,
Sorry for the delayed reply. Not sure about the underwriting but it is a reasonable possibility. Really is a shame they couldn't tie up the options, but in hindsight for me personally it'll at least prevent dilution- we'll see next week (31JAn).
Anyway, last quarter activities report released today (monday), looks great, no mention of anything unusual, full steam ahead, upgrades will be announced in a few weeks from what I can see in the release. Looks like 20c is about to fall as price surges! AZR is going to be a star performer this year. My only concern is with the native title negotiations, hope it comes through as planned (but that's for later on).
Hi Croc,
Sorry for the delayed reply. Not sure about the underwriting but it is a reasonable possibility. Really is a shame they couldn't tie up the options, but in hindsight for me personally it'll at least prevent dilution- we'll see next week (31JAn).
Anyway, last quarter activities report released today (monday), looks great, no mention of anything unusual, full steam ahead, upgrades will be announced in a few weeks from what I can see in the release. Looks like 20c is about to fall as price surges! AZR is going to be a star performer this year. My only concern is with the native title negotiations, hope it comes through as planned (but that's for later on).
Re: AZR Aztec Resources- Little guy going Up?
hi rich
have finally completed reading the report.
it looks like a very busy 6 months ahead to complete all the loose ends in the lead up to production.
company now too far advanced for the project to fall over.
all about time before the sp takes off however i think it will take longer than we all would like so are going to have to be patient to reap the reward on offer.
regards croc
hi rich
have finally completed reading the report.
it looks like a very busy 6 months ahead to complete all the loose ends in the lead up to production.
company now too far advanced for the project to fall over.
all about time before the sp takes off however i think it will take longer than we all would like so are going to have to be patient to reap the reward on offer.
regards croc
RichKid
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Re: AZR Aztec Resources- Little guy going Up?
Hi Croc,
Yes, certainly is a busy 6months to a year ahead. 2005 will see AZR firmly on the map. Once the iron ore price negotiations are over and the new prices are known there'll be even more interest from latecomers.
Next event for us holders is the resource upgrade, probably will be as expected that'll definitely take this one over 20c. Sp will range till then imo, unless they announce the financing deal before then, appears it's just the details they need to sort out, a lot of the arithmetic will depend on the resource estimates so that's the key.
Hi Croc,
Yes, certainly is a busy 6months to a year ahead. 2005 will see AZR firmly on the map. Once the iron ore price negotiations are over and the new prices are known there'll be even more interest from latecomers.
Next event for us holders is the resource upgrade, probably will be as expected that'll definitely take this one over 20c. Sp will range till then imo, unless they announce the financing deal before then, appears it's just the details they need to sort out, a lot of the arithmetic will depend on the resource estimates so that's the key.
