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AZS - Azure Minerals

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Gents,

Please refrain from posting any rediculous price targets here quoted from HotCopper. As you would all be well aware, ASF is a totally different beast, where reason and analysis prevails.

So, lets stick to some attempted FA and TA to back up ANY price target.

Cheers!
kennas
 
Good build up of buyers above .23 will be interesting to see where the afternoon takes us...hoping it closes above todays open, Don't spose someone could post another chart with some TA at todays end? Kennas??hint hint;)
 
Surprised at the volume again this morning, if you count the last hour yesterday and the first today around 11.5 million have changed hands.

With 2 million on the buy side above 20c will be interesting to see if there is any profit taking later in the day.
 
Well, I've taken profits this morning. To my mind this is a speculators game now; sure, the buys outnumber the sells, but the quality of the buyers and the sellers are matched. So when the blue line drops the price collapses. And the volume in the last few days doesn't compare to the volume a month ago. I got my flagpole, good luck! :)
 

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moses said:
Well, I've taken profits this morning. To my mind this is a speculators game now; sure, the buys outnumber the sells, but the quality of the buyers and the sellers are matched. So when the blue line drops the price collapses. And the volume in the last few days doesn't compare to the volume a month ago. I got my flagpole, good luck! :)
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the reason why the SP jumped yesterday was due to few large buy orders buying in, not the general market trying to accumulate. So im suspecting someone who might know the inside. and before the annoucement is out i dont believe the buying order will die down, unless the annoucement is delayed... so its still looking good, im expecting another run on announcement.
 
Why would anyone be selling now? It is clearly the start of alot more things to come with this stock. The volume over the last few weeks has still been massive compared to what got traded in the past. I think there is some kind of leaks and it going to blow up. Surely the possibilty of 5 major ann coming up then I think it has too especially if the grades are good.
 
Brinks said:
Why would anyone be selling now? It is clearly the start of alot more things to come with this stock. The volume over the last few weeks has still been massive compared to what got traded in the past. I think there is some kind of leaks and it going to blow up. Surely the possibilty of 5 major ann coming up then I think it has too especially if the grades are good.
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Sellers r coming in, due to sharp rises yesterday, many want a quick buck, so there is a moderate sell off. bt it's not that bad, buy n sell side r pretty even, and many r still buying in at market price. AZS is greatly undervalued because its main projects r located in Mexico, in a mineral rich region bt often over looked by investors due to locality. Once the results r out, we'll definately have a good one. Gotta thank Mick for picking out this lil gem!
 
thanks UPKA, its good to see it has now settled around the 25c mark, would like to see it consolidate around these levels, and then the market can decide where too when the announcements come out.

I am currently putting together research on what I believe is another undervalued little gem. Should be done by the weekend, will be interested to hear peoples thoughts when I'm done (and by the way there will be no hints beforehand:))
 
UPKA said:
the reason why the SP jumped yesterday was due to few large buy orders buying in, not the general market trying to accumulate. So im suspecting someone who might know the inside. and before the annoucement is out i dont believe the buying order will die down, unless the annoucement is delayed... so its still looking good, im expecting another run on announcement.
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I hope you're right; I don't mind buying back in, but I'm tired of losing gains by holding out for more. I'd like to see the black line on the SMA chart moving up, but I guess the really smart money stays out of the end of day. Meanwhile I see there is a buy for 500k @ 25c, which is a good sign. But right now my money is on INL who are on the rebound.
 
Looks like someone is happy to buy 500000 shares at a time around 25c. The person has been hit a couple of times yet once taken out another 500k gets put back on. To me that is a very good sign that its got alot of run in it! Anyone else notice this?
 
Brinks said:
Looks like someone is happy to buy 500000 shares at a time around 25c. The person has been hit a couple of times yet once taken out another 500k gets put back on. To me that is a very good sign that its got alot of run in it! Anyone else notice this?
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yep, lots of large buy orders r putting thru at market price, looks like we r gonna sit around 24.5-25.5c for a while till the announcement to get thru, which im suspecting these few days.
 
Im expecting a later arvo run and would think 26.5c will get hit again. Announcement may not be till next week so expect more gains till then!
 
definately someone big trying to accumulate, there's a 500k sell order and 1.4m+ buy order both sitting at 25c! the guy is trying to pickup watever is in between! looks like even at 25c, AZS is still considered as cheap :eek:
 
Another very strong day, managed to churn forward again on very good volume, certainly set up nicely for when the drill results arrive.

Another plus is the missus is always happy when we are making money:kiss:
 
I came on board today after yesterday's breakout was confirmed at close. Today's action confirmed for me that an old horizontal support line formed in January-May 2004 at 26 cents will be short-term resistance and I think 22 cents should offer support beneath current 25 cents. The buying today seemed very controled (rational) and the re-trace to fill the price-gap at 24 cents before climbing back up to start building the platform at 25 cents was, to me, a good sign. My interpretation of current action is that sp will consolidate between 22-26 cents short-term if no news. Any good news with current momentum should see 30 cents post haste. Old high of 37cents? will create final resistance before blue sky. The buy action sniffs of someone in the know, but even if it's only positioning before expected announcement, the quality of the prospects,and management, do imply that good things are coming. Todays close gives market cap of only 28 million. Each five cents on shareprice is only 5.6 million in market cap, so in spite of the run, small no. of shares on issue limits the impact on market cap. I notice that in late May 2004 there was a very steep drop in sp from 28 to 17 cents. I'm curious to know why. Are there any long-term holders who can tell me? Mick2006 has your research come across anything on this? Sunny days are coming. Mexico gets very hot in July.:cool:
 
Just a little bear of caution to beware of the doji star.

Pattern: reversal
Reliability: moderate

Identification
A long white day is followed by a Doji that gaps in the direction of the trend. The shadows of the Doji should not be long.

The Psychology
In an uptrend or within a bounce of a downtrend, the market gaps up but does not continue its upward movement. Instead enough bears step up to bring supply and demand back into equilibrium and the stock churns in place. The halt of the uptrend signifies the possibility of a reversal, so confirmation is needed with a weak third day (preferably with volume behind it).

The bearish Doji Star could be the first two days of the bearish Evening Doji Star or the bearish Abandoned Baby.
 

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hey guys, i think u r reading too deep into the charts, when the announcement comes out, all will be blown apart. so not much point doing the T/As. as Mick has mentioned, we r expecting 5 ann in the near term, so SP will be dependent on these price sensitive ann, not chart patterns. its js my 2c :2twocents peace.
 
excellent article in the Australian today about the future prospects of Molybdenum, we know from previous exploration that AZS has some of the highest grades going around.
Check out the bolded text it explains why AZS will list on the TSX

Good golly, Moly
CRITERION
Tim Blue
July 13, 2007

Moly Mines (MOL) $4.88
Aussie Q Resources (AQR) 24.5c
MOLY (rhymes with lolly) is the kind of metal that doesn't attract much attention, unless you happen to have some Moly Mines shares and have seen them rise four-fold in the past six months. A former chairman is Andrew "Twiggy" Forrest, whose name on anything always caught the eye.
It plans to produce molybdenum, a high-performance steel additive whose price has been hovering at historically high levels for about two years now, up from traditional levels of about $US4 to $US6 a pound to above $US25 a pound since 2005 and $US32 a pound lately.

Moly Mines expects to complete a bankable feasibility study for the Spinifex Ridge project in Western Australia this month, having spent $35million over the past 30 months.

The company's share price was about $1.20 early this year when it dual-listed in Toronto and caught local media attention. It took off to a high of $5.20 last month, then eased to the low-$4 level. Yesterday it was back in great favour, jumping 53c to $4.88 for reasons as yet unclear.

Moly Mines managing director Derek Fisher recently returned from a month-long roadshow in North America and Europe, where overseas investors liked his company's story.

"The Australian market has paid little attention to us," Dr Fisher said. "That's why we've gone to Toronto, where we saw peer companies trading at significant multiples to our ASX price."
For example, the initial public offering for the $C75 million ($80.6 million) Sprott Molybdenum Fund was so heavily oversubscribed that it accepted $C190 million.

Molybdenum, or "moly", is used in high-performance steels in the oil and gas industry, nuclear power stations and desalination plants. And here is the cruncher: about two-thirds of all oil pipelines will eventually have to be replaced because their steel does not contain molybdenum.

"It's a metal for our time, as we say," Dr Fisher said. "The stars are aligning at the moment."

Moly Mines is finishing the feasibility study for a moly development in Western Australia's Pilbara region that could be in production by 2009.

The Spinifex Ridge project, containing 621 million pounds of moly and 932 million pounds of copper, has a 20- to 30-year mine life and would make the company a major global moly producer. The project economics are based on a long-term moly price of $US12.50 a pound.

Paradigm Capital and Harwood Securities, the Canadian brokers that assisted with Moly Mines' TSX listing, have a "buy" recommendation on the stock. It has yet to receive any analyst coverage in Australia.

Mr Forrest resigned from the company's board last year, but retains 12 million options exercisable at 20c each. As Moly Mines shares closed yesterday at $4.88, Twiggy must be sitting on about a $60million paper profit.

Such favour has yet to hit another moly stock, recently listed Aussie Q Resources. With its flagship Whitewash project north of Eidsvold, Queensland, the company's $10 million float closed in May. Its case is that world moly production in 2005 was 181,000 tonnes. Just the oil and gas pipelines now being planned will take 250,000 tonnes while the flood of new coal liquefaction plants being built will each require 3000 tonnes a year of molybdenum as a catalyst. Artemis Resources (ARV) has started exploration for molybdenum on ground next door to the deposit owned by Moly Mines.

If you take a view that steel production is going to climb, especially pipeline steel, then so will molybdenum demand. Criterion rates Moly as a SPECULATIVE BUY.

Vital Metals (VML 78c
Paradigm Metals (PDM) 16.5c
Queensland Ores (QOL) 35c
Thor Mining (THR) 33c

OFTEN found with molybdenum is tungsten, another steel additive. Vital Metals and Queensland Ores are each working on tungsten projects in north Queensland. Queensland Ores also has molybdenum while Vital's Watershed Project is strictly tungsten only. Thor Mining is also exploring north-east of Alice Springs. Tungsten, at 3410C, has the highest melting point of all non-alloyed metals and is used mainly as hard metal in cutting tools and drills.

In the past 10 days or so, Vital Metals has moved up 25 per cent, from just over 60c to just under 80c, which is impressive since it was only 20c a year ago. Moreover, it has been moving up against the breeze of substantial fund raisings, including a placement of 11 million shares at 60c that comes with a pro rata rights issue to raise another $6.9million.

Vital Metals has made three announcements in the past month, among them a resource estimate for its Watershed project in far north Queensland, a favourable report on proposed metallurgical processes and a broad timetable for mining. Executive chairman Bill Ryan says the resource statement was probably bigger than expected but that the grade was a little lower: regardless, there is still a lot of tungsten in the ground. The JORC figure of 56,300 tonnes of tungsten ore in situ - so far - ranks Watershed among the large known deposits in the world. A diamond drill campaign now under way may improve on that figure.

"The metallurgical process outcome was extremely encouraging and will have big implications for the project," Ryan said yesterday. It shows that a low-cost processing technology will work, which means a substantial reduction in size - and therefore capital cost - of the treatment plant.

Since there will be a tailings dam, attention now turns to the terms of an environmental impact statement, but Ryan is comfortable with the expected outcome.

Expected annual production of about 6500 tonnes of concentrate will be taken to either Townsville or Brisbane for export, since there is no tungsten consumer in Australia. "We estimate that gross revenue will be of the order of $100 million a year," Ryan said yesterday.

Elsewhere in tungsten, there is Paradigm Metals, whose White Rock deposit near Boorowa in NSW is so far small (150,000 tonnes) but high grade by tungsten standards (0.9 per cent). Queensland Ores has traded up to 45c but yesterday closed 35c; Thor Mining has been up to 50c but yesterday closed at 33c and Paradigm was trading at 16.5c yesterday, or around half its high of 32c in May.

Bill Ryan's story sound good, and enough for Criterion to rank Vital as a SPECULATIVE BUY.
 
moses said:
Just a little bear of caution to beware of the doji star.
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I agree. And to those pushing the funnymentals, or the likely anns to be released, these patterns factor in all the available fundy information, as well as psychology, in the market. They are just probabilities of course, but the funnymentals are only what you have been permitted to see. Building TA into a fundy approach can save your bacon. :2twocents

Of course, now it'll probably gap up with a huge white candle today. :p:
 
...and a reversal is what we got. No long white candle today. Down 8% and falling...annoying how it does that!
 
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