Australian (ASX) Stock Market Forum

AZS - Azure Minerals

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"Azure shares rose 25.53 per cent, or 1.2 cents, to 5.9 cents on a volume of more than 20 million shares. Mexico-focused Azure told the ASX that the share price jump could be due to a prominent investment magazine on Thursday recommending Azure as a `buy'."

Anyone know which prominent investment magazine they are referring to and the specifics of the recommendation or price target was?
 
Given it's increase over the past three months, and it's purchase of this high grade manganese mine announced a few hours ago, anyone got any thoughts on AZS?
 
Dinipants said:
Given it's increase over the past three months, and it's purchase of this high grade manganese mine announced a few hours ago, anyone got any thoughts on AZS?
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I don't offer advice, but since you ask only for my thoughts :2twocents

Tall Poppy, Alan Bond says "whenever you find something there is always more nearby"
This is why I have had AZS in the past and why I will have AZS again in the future.


Manganese is good, burglar knows this, but DYOR
 
burglar said:
I don't offer advice, but since you ask only for my thoughts :2twocents

Tall Poppy, Alan Bond says "whenever you find something there is always more nearby"
This is why I have had AZS in the past and why I will have AZS again in the future.


Manganese is good, burglar knows this, but DYOR
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What have they actual 'found' Burglar?

23,400 tonnes of copper, 34,000 ounces of gold and 1,600,000 ounces of silver

actually isn't much at all.. :confused:

And they're jumping in to say the words 'revenue estimate' without even having a Reserve...

What else have they discovered?
 
kennas said:
What have they actual 'found' Burglar?

23,400 tonnes of copper, 34,000 ounces of gold and 1,600,000 ounces of silver

actually isn't much at all.. :confused:

And they're jumping in to say the words 'revenue estimate' without even having a Reserve...

What else have they discovered?
Click to expand...

1). a prominent investment magazine, recommending Azure as a `buy'.
2). Shareholder sentiment high, may become market darling.
3). Farm-in is 70% for OZL to spend $13m.

In my opinian Post GFC, companies face these grave dangers.
a). Lack of liquidity
b). Need to consolidate due to low SP
c). Takeover target also due to low SP / Sale of non core assets to avoid same

I don't know if it helps but,

AZS_Azure is out of
Nickel Australia,
which in turn was nickel assets spun out of
CRS_Croesus

Kennas,
This not an exhaustive list.
Shouldn't be taken as advice.
Just my gut feel.

Did I get that right, anyone?
Piggy Bank and I still wonder which prominent investment magazine they are referring to!
 
burglar said:
1). a prominent investment magazine, recommending Azure as a `buy'.
2). Shareholder sentiment high, may become market darling.
3). Farm-in is 70% for OZL to spend $13m.

In my opinian Post GFC, companies face these grave dangers.
a). Lack of liquidity
b). Need to consolidate due to low SP
c). Takeover target also due to low SP / Sale of non core assets to avoid same

I don't know if it helps but,

AZS_Azure is out of
Nickel Australia,
which in turn was nickel assets spun out of
CRS_Croesus

Kennas,
This not an exhaustive list.
Shouldn't be taken as advice.
Just my gut feel.

Did I get that right, anyone?
Piggy Bank and I still wonder which prominent investment magazine they are referring to!
Click to expand...
Yeah, which magazine is it? ASIC seem to have lower disclosure requirements than ASF. That's a ramp without a link. ;)

I think the farm in is only $3m Burglar.

Exploration for large porphyry copper deposits is underway in joint venture with Japanese Government corporation JOGMEC (La Tortuga), and Australian copper miner OZ Minerals (San Eduardo). Both companies may earn a 51% interest in their respective projects by expending US$3 million within 3 years.
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Is shareholder sentiment high because of the run from 5c to 9c the past 3 months?

Not sure if those grave risks are actually grave risks, but anyway.

FWIW 10c looks like major long term resistance.

They definately need to discover more than those few tons mentioned above to be able to mine anything I feel.
 
kennas said:
Yeah, which magazine is it? ASIC seem to have lower disclosure requirements than ASF. That's a ramp without a link. ;)

I think the farm in is only $3m Burglar.



Is shareholder sentiment high because of the run from 5c to 9c the past 3 months?

Not sure if those grave risks are actually grave risks, but anyway.

FWIW 10c looks like major long term resistance.

They definately need to discover more than those few tons mentioned above to be able to mine anything I feel.
Click to expand...

"Both companies may earn a 51% interest in their respective projects by expending US$3 million within 3 years."
Red carefully
... if OZL breaks agreement in first 3 years, all monies spent are lost
... if after 3 years OZL has spent $3mill, locks in 51%
Having locked in 51% ...
Then optionally, OZL can go for 70% for $13m in 8 years.

http://www.asx.com.au/asxpdf/20101026/pdf/31td5kwpztjr5f.pdf

It means AZS don't get screwed over by CBA_Commonwealth Bank or other banks.
Slighted* Reference to role of CBA in the near downfall of OZL

*slighted past participle, past tense of slight (Verb)
1. Insult (someone) by treating or speaking of them without proper respect or attention.

Is shareholder sentiment high because of the run from 5c to 9c the past 3 months?
My belief ... Yes, and other stuff mentioned here too!


If those risks are actually not grave :D, I will be overjoyed and do the crab dance!!
Don't trust a burglar or talking duck, but DYOR
 
kennas said:
What have they actual 'found' Burglar?

23,400 tonnes of copper, 34,000 ounces of gold and 1,600,000 ounces of silver

actually isn't much at all..

What else have they discovered?
Click to expand...

Where are the numbers from? Are they JORC?

Don't listen to me, listen instead to youself.

Copper USD$8711/t

Gold near record high USD$1,414 /ozs. And Silver ...
 

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burglar said:
Where are the numbers from? Are they JORC?

Don't listen to me, listen instead to youself.

Copper USD$8711/t

Gold near record high USD$1,414 /ozs. And Silver ...
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Burglar, it's all relative, as you would know. I think you missed the point a little too. No question of the numbers on the initial estimate, but it's not a Reserve that is required before going all the way to DFS and decision to mine.

Do you really thing that the current resource outlined is enough to go to decision to mine?

There are many many companies with 10 x that resource still exploring....
 
kennas said:
... There are many many companies with 10 x that resource still exploring....
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I put Gindalbie Gold in the proverbial "bottom drawer"
after they ran into Head grade difficulty at "Sunny Corner".
They later found iron ore and never looked back.

Back to those AZS numbers: they appeared low to me.
I was too lazy to research, not being in AZS currently.
If those numbers affect you, trade accordingly.

The DOW is up.
It's a brand new week.
Yippee. :)

burglar
 
burglar said:
I put Gindalbie Gold in the proverbial "bottom drawer"
after they ran into Head grade difficulty at "Sunny Corner".
They later found iron ore and never looked back.

Back to those AZS numbers: they appeared low to me.
I was too lazy to research, not being in AZS currently.
If those numbers affect you, trade accordingly.

The DOW is up.
It's a brand new week.
Yippee. :)

burglar
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Well lets hope they find something big in the coming weeks/years.

Maybe these guys will trip over some iron too.

I may be skeptical because anything to do with Croesus brings back bad memories...:banghead:
 
kennas said:
Well lets hope they find something big in the coming weeks/years.

Maybe these guys will trip over some iron too.

I may be skeptical because anything to do with Croesus brings back bad memories...:banghead:
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Kennas! You know as well as I do, that AZS_Azure has had iron!

*googles Splinter Iron ore* and comes full circle to ASF,
this very thread, post#12 in fact!
Ha ha, is it only me who is laffing?
 
kennas said:
... There are many many companies with 10 x that resource still exploring....
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Mr Kennas,

Are we talking Gryphon now?
If I was Exploration Manager, I would be clawing it out, albeit with a used Caterpillar D8.

I find it incredible that some companies explore til the commodity price drops to uneconomical level.
 
burglar said:
Mr Kennas,

Are we talking Gryphon now?
If I was Exploration Manager, I would be clawing it out, albeit with a used Caterpillar D8.

I find it incredible that some companies explore til the commodity price drops to uneconomical level.
Click to expand...
Yep, start digging fast!

Not just Gryphon, there's a bunch of 'explorers' still exploring with seemingly plenty of ounces to get started. Of course, AZS just might have the right deposit to be able to start up very quickly without going through the whole feasibility study business.

That old iron project they has was actually their main focus back then.

The project has been a focus of the company since listing in 2003 due to its prospectivity for iron ore (magnetite-style) deposits and iron oxide copper-gold deposits.
Click to expand...

Has anything come of that?
 
burglar said:
AZS Report to ASX 26 October 2007
Divesting Splinter Iron Ore to Icon Resources Ltd (ASX: III)

Quarterly Activities Report QE Dec 2007
http://www.asx.com.au/asxpdf/20080123/pdf/3171srd9r1gf55.pdf

Icon downgrades Splinter Iron Ore
and awaits assay for Base metals.

Has anything come of that?
Apparently the short answer is nothing!




burglar
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Fat Prophets had a buy on AZS a year or two ago. That is what drew them to my attention. Still holding....and waiting.
 
Floyd2 said:
Fat Prophets had a buy on AZS a year or two ago. That is what drew them to my attention. Still holding....and waiting.
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Hi Floyd2,

Welcome to ASF.
I have had AZS in the past.
I will have them again.

Fat Prophets?! ... I know who makes them Fat. :rolleyes:
 
burglar said:
Hi Floyd2,

Welcome to ASF.
I have had AZS in the past.
I will have them again.

Fat Prophets?! ... I know who makes them Fat. :rolleyes:
Click to expand...

Thanks Burglar.

Have a few AUT so that's the main focus currently but became a lot happier with AZS when Oz Minerals "signed up".
 
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