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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 Jan 10, 2011 3:37pm
308 Views
Post# 17949969

Don't pick a bottom on this!

Don't pick a bottom on this!I think that it's being 'managed'.  Although another try to 6.10 is possible, I seem to remember that in late Dec. that the support level was in the 5.50-5.66 area and if it gets in there, I'll be look at it then.
Bids are too thin to withstand any large sell orders.  Any incursion below 6.25 will set off my alarm bells.
bottom = 6.13  or 6 1/8
bounce to 6.50 or 6 4/8
differential = .37 or approx $ 3/8
We need strength in the middle area of 6 2/8 [6 1/4] to 6 3/8
OTOH, if we get a break up above 6.50, we may have a support level.
Any thoughts from chart traders?
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