RE:Declining pricessyringa wrote: What do you think the cause is for the declining price?.. and what will be the catylast to get some upward movement ?? thks GLTA !!
This seems to be a recurring question on this and a lot of other online forums. AZ actually held up pretty well today compared to some other base/precious metals companies except for a midday dumping of shares. IVN dropped 4.76%, DBL 6.78%, DPM 6.71%. GPR 4,22%.
There are all sorts of reasons why this stock may be going down - although they don't reflect the true value of AZ. I think it still gets lumped into being a precious metals company and ag has been hit pretty hard lately, the GDXJ rebalancing has a lot of uneducated investors running from juniors and exploraton companies regardless of their inclusion, and likely the infamous sell in May and go away scenario is coming into play as well.
The main reasons in my opinion as others have pointed out on this board are weak hands and zombie sellers. I think we're close to having wrung the last of them out and soon it'll just be smart money that is moving into or currently owns this stock,
As we derisk the project with permitting, additional drill results, and keep adding value to the projects we'll have new supports created in the share price as the classic Lassonde S Curve unveils itself.
I think we're near the bottom personally but then again who knows?
Disclosure - adding on the dips - just missed it today. GLTATL