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AZS - Azure Minerals

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Azure Minerals Limited (ASX: AZS) today announced the appointment of Dr Wolf Martinick as a Non-Executive Director of the Company.
Dr Wolf Martinick is a Fellow of the AusIMM and founding director of the Perth-based consultancy, MBS Environmental Pty Ltd.

Dr Martinick has been involved with mineral exploration and mining projects around the world, especially in Australasia, Africa, China, India, Eastern Europe and parts of the former Soviet Union. He has participated in numerous due diligence studies on mining projects on behalf of international financial institutions and mineral resource companies for a variety of transactions, including listings on international stock exchanges, mergers and debt financing.

In recent years, he has been active in identifying and investigating mineral projects and prospects, especially in emerging economies.
Dr Martinick is Chairman of Weatherly International Limited, a company listed on the London AIM stock exchange and was a central figure in the acquisition of Weatherly’s extensive copper mining and smelting interests in Namibia. He was a founding Director of Basin Minerals Limited, an ASX-listed mineral exploration company which discovered a world-class mineral sands project in Victoria, Australia.

Azure’s Executive Chairman, Mr Tony Rovira, said “We are very pleased to have Wolf join the company’s board. His experience in environmental, social and corporate governance together with his extensive corporate experience will add considerable strength to the board as the Company builds on its success in Mexico.”

In order to align Dr Martinick’s interests with those of our shareholders and as provided to other board members, he has been offered, subject to shareholder approval at a General Meeting, one million options exercisable at $0.25 – a 40% premium to today’s price and a 47% premium to the recent capital raising.
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Bought some today. Liked the announcement, the sp is down following all that Sub Prime nonsense and they appear to have lots of upside potential both with Mexico exploration and the possibility of a TSX listing (hence Dr Wolf?).

Not to mention capital raising at 15c has probably created a floor.
 
Good annout. Moly extended at Pocho De Nachos. Great 2007 drilling campaign completed. TSX listing to come. Company keeps delivering.

SP up 15% today. Should push into the mid 20's now and TSX listing will give it a further leg up. Long 2 months hey. Good to get some positive news on these longer term plays.
 
Anybody else out there in AZS-land? Or was it only me that recognised the greater volume today and 7.7% increase in SP to close at 21c?

Over 3 million traded today ... greatest volume since 11 Sept .... intra-day SP high of 22c ......but on no news ....anyone know if an expected announcement is just around the corner? :D
 
AussiePaul72 said:
Anybody else out there in AZS-land? Or was it only me that recognised the greater volume today and 7.7% increase in SP to close at 21c?

Over 3 million traded today ... greatest volume since 11 Sept .... intra-day SP high of 22c ......but on no news ....anyone know if an expected announcement is just around the corner? :D
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Errr. I accidentally got in on the big crash day at .15. Hoping that some knows something that we don't as there's been no reason for the increase in SP and volumes of late. (though I'm not complaining!)
 
AussiePaul,

I am not holder of AZS but recently attended a Investor Roadshow were exec chairman Tony Rovira gave a presentation, he gave a general overview of the companies activities in mexico. What was emphasized was the Molybdenum intersepts at Pozo de Nacho and the size of the body, earlier historical confirmation of holes drilled by Cominco in the same project area in 1977. And were looking at follow up drilling !

He was very much looking forward to the listing on the TSX and suggested progress was quite advanced, and looking at listing in october. Considering the canadians penchant for Molybdenum, and the companies geographic location. Maybe the listing is close? and no doubt as with MOL analysts are already watching ? Maybe the pozo de Nacho drilling is coming in favourable.

P.S IN PROMO GIVEN BY AZURE I SEE THAT FAT PROPHETS HAD A BUY EARLIER AND THIS DATED FAT MINING 93 13 SEP 07 AS HOLD SUGGESTING VERY LITTLE DOWNSIDE AND WILL REMAIN FIRMLY WITHIN FP MIN & RES PORTFOLIO.



FUTURE LOOKS GOOD ?
 
Cool about time we had some news from AZS. Might spur a sale or two, instead of my lonely one. Extensive Soil Anomiles ?
 
G'day all AZS holders and watchers! Hopefully i'm not just posting to myself ....lol
Anyone else out there notice the last couple of days trading? Volume has increased over last two days together with the SP up about 15%, closing at 0.19 at end of trade today.
Anyone heard any whispers or am i reading to much into movements over the last few days?? I'm holding and have been patiently awaiting :D
 
No, you're not posting to yourself!
I'm still in and it's been good to see the recent activity. Hopefully we might see some good news soon, in a solid result.
Alot of people seem to think the TSX will be the thing that kicks this one along.. I really hope it does, but if I'm going to stay in long term I want to see some solid results in the near future...
 
FUTUREFUND said:
AussiePaul,

I am not holder of AZS but recently attended a Investor Roadshow were exec chairman Tony Rovira gave a presentation, he gave a general overview of the companies activities in mexico. What was emphasized was the Molybdenum intersepts at Pozo de Nacho and the size of the body, earlier historical confirmation of holes drilled by Cominco in the same project area in 1977. And were looking at follow up drilling !

He was very much looking forward to the listing on the TSX and suggested progress was quite advanced, and looking at listing in october. Considering the canadians penchant for Molybdenum, and the companies geographic location. Maybe the listing is close? and no doubt as with MOL analysts are already watching ? Maybe the pozo de Nacho drilling is coming in favourable.

P.S IN PROMO GIVEN BY AZURE I SEE THAT FAT PROPHETS HAD A BUY EARLIER AND THIS DATED FAT MINING 93 13 SEP 07 AS HOLD SUGGESTING VERY LITTLE DOWNSIDE AND WILL REMAIN FIRMLY WITHIN FP MIN & RES PORTFOLIO.



FUTURE LOOKS GOOD ?
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Pleasing announcement out on Friday with next phase of drilling started.

Drilling to be conducted on 3 key projects initially:

La Providencia - previous surface sampling by AZS returned zinc grades of up to 45.4% and 35.9%

Los Chinos - testing extensive high grade base metal soil anomalies

Pozo de Nacho - follow up to previous positive drilling results which identified a large molybdenum rich zone of mineralisation

Things should start to potentially hot up for AZS if these drilling results confirm previous sampling indications. We should start to see more information flowing from AZS very early in the new year (my guess) and with the TSX listing we might start to see a lot more activity in AZS.

I'm holding and am looking forward to results from this drilling phase! :D
 
Well i'm here again for the AZS-weekly!!
SP seems to have settled mainly in the 22-23c region for the time being, which is pleasing. As we approach drilling results in the year, i'm guessing there may be some increased activity prior to the announcements. I'm tempted to aquire some more but not sure i will have finance in time!
Good luck to all :D
 
Aussie Paul ,they will do well this month..after all I have picked them in the Stock Comp. Ha Ha.

Have been holding these since March.The correction bought PAIN ..Quietly confident that the near future is bright.The results are very encouraging :)
 
Boyou said:
Aussie Paul ,they will do well this month..after all I have picked them in the Stock Comp. Ha Ha.

Have been holding these since March.The correction bought PAIN ..Quietly confident that the near future is bright.The results are very encouraging :)
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Hey Boyou .... i won't be disappointed at all if you take out this month's stock tipping competition! ;)
I think the latter part of this month may see increased activity & volume for AZS. I figured this period now may have seen the SP settle back to close to 20c but i am very encouraged by the way its holding up considering the drill results are probably at least a month away. However, i guess its not too surprising considering the initial indications from the areas that the drilling program is working!
I'm getting excited just writing this ......rofl .... however, beware ..... i entred RAU at 3.5 and MHL at 5.2 (i'm still in though!) .... moral of the story, you win some, you lose some ..... but if you do your own research you'll always learn something new and it'll make you a better investor for the future!! :D
 
Steady trickle of positive news from Azure the last couple of months. Despite this the share price has also been trickling downwards but has found support at the 11-12 cent mark. The recent capital raising in early April 08 to an institutional investor was placed at 12 cents a share.

Trading Halt this afternoon "pending an annoucement by the Company in regards to its activities in Mexico". Any ideas? There hasn't seemed to any major movements in the share price or volumes recently. This trading halt has come out of the blue.
 
Azure up about 25% this morning on increased volumes! I am not aware of any news...something must be brewing. Anybody have any light to shed? Think I am talking to myself on this thread...
 
Fat Prophets recommendation last night.. needed a kick in the ass!
So that should help explain (sorry was under 100)
 
Hey Bling Bling. Good to know there are others out there interested in Azure. Should get a few more visiting this thread over the next few days. Do you know what Fat Prophets had to say about AZS?
 
Yep Fat Prophets have been on to AZS for over 12 months now. This happens every time they recommend AZS - a nice spike for a few days before it drifts back downwards.

If you look at last year, AZS had a suite of announcements in the 2nd half of the year and ran to 35 cps on the back of these. Will this year's drilling campaign cause a similar appreciation? Poncho will be a year advanced since then.

Bear market sentiment is what has caused this one to be smashed down. Postponement of TSX listing did not help either. Lets see how it goes this time around.
 
Hi Bushman and any others :)confused:)
The Australian ran an article concerning the Fat Prophets recommendation. This was perahps the cause of the increase in SP from 13c to 15.5c. Today the SP increased by 2.5c, not sure why.
Here is the article
WHAT THE BROKERS SAY: Kevin Andrusiak | June 02, 2008
Azure Minerals (AZS); Fat Prophets; Buy recommendation at 13c; No price target; Last traded at 15c

IT is one of the better compliments you can give to an exploration junior - that of being compared to a $900 million company. But Fat Prophets insists that Azure Minerals looks every bit like Bolnisi Gold did in its infancy.

Bolnisi then went on to become a $930 million company before it was taken over by Coeur d'Alene Mines. "Like Bolnisi, Azure has an exclusively Mexican focus and access to a very strong technical team," Fat Prophets recently told clients. "Azure is one of our exploration favourites, with a unique strategic alliance that allows it access to a production line of high-quality exploration opportunities in Mexico." Azure recently picked up the Promontorio copper/gold/silver project, which also includes the Cascada gold project, for a tiny $US2.5 million. Fat Prophets reckons that Promontorio holds an estimated non-JORC compliant resource of 1.02 million tonnes grading 4 per cent copper, 2.4 grams per tonne gold and 63 grams per tonne silver. But the allure for Azure is that it can be quickly brought into production for early cash flows.

There was also an announcement on 27 May updating drilling work that aimed to complete a JORC-compliant resource estimate, expand the resource along strike and at depth, and test other known mineralisation within the project area.
This ann quoted several isolated drill holes within the project area have intersected significant mineralisation that requires follow-up work. These include:
• SP97008 9.0m @ 18.8% copper from 71.0m
• CP93012 7.6m @ 3.0% copper & 3.18g/t gold from 109.8m
• CP94022 1.5m @ 2.0% copper, 0.83g/t gold & 50g/t silver from 54.9m
• CP93010 10.7m @ 2.72g/t gold & 64g/t silver from 64.0m

Interesting they were isolated drill holes - I'm not sure what this means without elaboration/context but certainly interesting (and tantalising).
There is also a broadcast by the EC Tony Rovira that was quite intersting.
Any thoughts on how one might value such a stock?
Would calculating the IGV be of any use based on the nonJORC estimate?

Tis a mystery, like much of Golf. (I do not hold AZS)
 
Hi AZS investors,

perhaps understandably there have been no takers on an IGV and implication for sp of AZS. It might be a pointless endeavour. I had another look at the announcement and non JORC resource 'estimate' for Promontorio.
I trust I have corrected grasped the info - this appears to be the case -
View attachment Azure Minerls.xls

I would value any comments on this calculation / assumptions, and how it might be improved. Clearly this is preety rough, but at 10% of IGV the stock has value not reflected in the sp. I note the sp has increased a fair bit over the last few days.
There is reasonably strong volume through Tuesday and Wedensday. Perhaps this is 'just' on the basis of Fat Prophets report and Australian coverage of that. Perhaps it reflects the 'good signs' of the non JORC Promontorio resource with possible upside from the announced drilling.
ANyway, I thought it was intersting and worth some investment. I now hold this stock.
Cheers, Golf
 
PiggyB, sorry I didn't get back earlier to answer your question about the FP rec.
Hopefully you have read the article by now from the australian?

Golf, haven't had a chance to look at your valuation .. will do tonihgt.
I don't think the volume hthe last 2 days has come from the FP report.. that was a over a week ago and usually happens the next day (which it did)

Nice to see green in ma portfolio... Should be more of it!
 
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