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Azucar Minerals Ltd T.AMZ


Primary Symbol: V.AMZ Alternate Symbol(s):  AXDDF

Azucar Minerals Ltd. is a Canada-based mineral exploration and development company. The Company is engaged in acquisition and exploration of mineral resource properties in Mexico and acquisition of property and equipment in Canada. The Company is focused on exploration of the El Cobre project in Veracruz, Mexico. The El Cobre Property claim block covers approximately 11,860 hectares, which contains copper-gold porphyry mineralization over a strike length of at least four kilometers (km). The property is located adjacent to the Gulf of Mexico approximately 75 km northwest of the city of Veracruz in the state of Veracruz, Mexico. The Company has discovered five copper-gold porphyry zones within the property along an approximately four to five km trend, stretching from Norte down to Encinal in the southeast. The El Cobre Project is consistent with the porphyry copper-gold-silver-molybdenum (Cu-Au+/-Ag+/-Mo) deposit model.


TSXV:AMZ - Post by User

Post by 911GTSon Apr 22, 2011 11:15am
423 Views
Post# 18474469

terrible news - matter of interpretation

terrible news - matter of interpretationBeen reading all the posts related to this news. It seems that everyone is interpreting the news.
Bottom line and the fact is -  that this is not good news at this time as, there were high expectations. I am long on AMZ and not happy with this news. 
I don't see how with this news the share price can continue its run. Pellet size change might seem simple enough, but as with any engineering change, implementation not always simple, you need to re-design, evaluate and re-test - not to forget consideration for compatibility with the existing farm spreading machinery....long process.
This also raises question regarding the results from the other tests being conducted by Agriferma.
I remain long, but I don't expect the run to continue without further validation and that could be a while. I think there will be a pullback as people take some profits and sit back and wait.
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