RE:RE:RE:RE:Strong action on Soi looks good for AZM Elenore south@goaweigh, I have to agree with you, though to further clarify it's my belief that the stock was trading way higher because the market was pricing the perfect likelihood that they would score similar intercepts in zones outside of Elm 1 (2-3). When we drew duds in Elm 2, the glass all of a sudden was viewed as 1/2 empty.
I'm still of the opinion that their last holes on ELM 1 were in line with their now famous first 7 fantastic holes, and ELM 1 remains a strong prospect that can/will be expanded to 1-2 million ounces in short order. But everyone is now holding their breath to see whether ELM 3-5 can come up highly mineralized with Gold. Then as you say, the market will revalue AZM quickly.
I hope we can also show a deeper hole on ELM 1, i.e., 300-400m, with continued good HG/mid grades, as this will provide even more fodder to kindle the share price, especially if we hit on ELM 3-5.
If all of this comes to be and they also confirm that drilling has begun on Pikwa and Rex, the stock price may go parabolic for a few days, as markets will digest what may come of out of 2 equally gigantic opportunities.
All of these rationalizations are what's keeping me and my investor friends in the stock.
For the record, our group holds 250,000 shares of AZM.