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Azimut Exploration Inc V.AZM

Alternate Symbol(s):  AZMTF

Azimut Exploration Inc. is a Canada-based mineral exploration company. The Company holds the mineral exploration portfolio in Quebec. The Company’s projects include Elmer, JB Lithium, JB Nickel and Wabamisk. Its wholly owned flagship Elmer Gold Project is advancing to the initial resource stage in the James Bay region. The Elmer property is located in the central region of the La Grande Subprovince. The property is located five kilometers (km) west of the Billy-Diamond Highway and 60 km from Eastmain, a Cree community on the east coast of James Bay. The Wabamisk property is a 40 km by 10 km gold project located about 70 km south of the Eleonore gold mine (Newmont Corporation) and has a comparable geological context and geochemical signature. Its other key projects include Chromaska, Corne, Doran, Mercator and Pilipas. The Corne property is located within the metasedimentary Opinaca Subprovince (Superior Province), close to the boundary with the Opatica Subprovince.


TSXV:AZM - Post by User

Bullboard Posts
Post by krishakon Nov 25, 2006 7:53am
458 Views
Post# 11748464

Parabolic Movements..

Parabolic Movements..dailymail (an unmerititous daily newspaper in the UK) has warned that AZM's parabolic trajectory is a warning to take profits and exit before the crash. The parabolic climb of stock indexes eg. Nasdaq before March 2000 is indeed a warning of trouble ahead that should be heeded. The same is not true of resource stocks. Take a look at AUN. The 1466% gain in that stock in 4 months thru March 2006 took the stock from $0.045 to $0.66 - a parabolic move par excellence. The stock is now trading 50% higher than it was in the spring. ARU and GUY provide other examples, because parabolic moves in junior resource stocks (unlike indices) are caused by smart and informed money buying in before the good news becomes public. With AZM we are barely started IMO.
Bullboard Posts