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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 thefareguruon Oct 26, 2010 5:51pm
319 Views
Post# 17615393

I rechecked the chart...scary

I rechecked the chart...scaryIt has a long way that it could go on the down side, the low $2s [its previous area of stability], and if I was wrong in my previous post about a pyramid strategy, I would not want it on my head that I said something that could cause a loss to vulnerable folks.  Now I personally have decided to leave it alone and not do a pyramid.  If they take it down that far, I'd go in and play the bounce, but it would have to be fast, far and sharp.
Tomorrow, I will probably eat the rest of my loss [I did not short] and just watch the carnage if it breaks 2.87.
Again, I hope I'm wrong, for all of us, but frankly, I've seen this kind of movie before.
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