RE:RE:RE:Breakdown and lack of newsHey Frank, i appreciate your feedback.
Hope and a prayer at this point...
I just don't think the silence or lack of news breeds much confidence in management. They may have patient institutional investors that back and belive in them for the long term, but I just don't see the respect to shareholders that I'd like, and I'm not intentionally crapping on AZM; i can say the same about DOS, HIGH, and others in my portfolio.
HIGH released some news March 1 after an equally prolonged period of silence, and turns out the balance of 5 holes they drilled blindly on DC/Alaska - a zone that yielded the top 3 hole in the world in '21, check it out: https://ceo.ca/@businesswire/highgold-mining-intersects-578-gt-au-and-2203-gt - all came up as dusters, becuase they didn't have the benefit of being able to rush the initial glory hole to confirm what they believed was a good hit, so they had to drill the balance of their exploratory holes blind in that specific area. Not having the labs turn results around in regular normal 3-6 weeks has been the true bane of jr explorers for the last 2 years, and it hobled many jr's who are rely on a data driven approach to refine targets before they drill further. It's not so much the case here though, as for the most part they've played in one sandbox (Patwon).
What I really don't like is that they don't put out news on Pikwa, REX, Munischiwan after drilling these - it's just wrong. Good or bad, RELEASE THE NEWS AND BE HONEST TO SHAREHOLDERS.
If this pops at some point, I think I'm done with AZM; been here way to long to have any more patience with their approach.
Thankfully, some of my other investments are hitting stride, i.e., LNG play -TELLURIAN- up 200% in 1 yr, and I believe it's going much higher here in the next month as they close their Billion $ finanncing to begin Phase 1 construction of Driftwood. They will export LNG to Europe & Asia taking full advantage of NA production costs ($2-3), while selling it across the sea (arbitrage, i.e. current spot $35 for JKM). Tell will be printing money in the next 2.5 years, and shareprice will explode the moment they release the news on FID, which could come any day.
As a matter of fact, they're part the Amercam convoy of current producers and fully permitted co's headed to Germany to meet with EU nations starving for gas. Should be an interesting week, and month of April for Tell, so keep it on your radar. NG/LNG is definetly fully in play with the Russian war.
While I'm at it, I raise a glass to hope, and to JML hitting a new zone - God knows we all deserve it..
Rant over...