Post by
mystique1 on Apr 11, 2018 6:23pm
AZX Valuation
A number of investors here are throwing around many different values for AZX.
I haven't tried yet to set a price.
The way I look at it, we need the second RE to see how much more our resource has increased.
All of us have been anxiously waiting and hopefully we get the RE very soon.
Now, when we receive the new RE we'll have the updated tonnage/ounces/grades. This will help give a rough estimate on AZX value. At this time I'm sure many will again start guesstimating possible buyout prices.
BUT HANG ON.....there is something else to consider....POTENTIAL PREMIUM.
And are we ever fortunate.......there have been a considerable number drill results not included in the new RE which have done two things.......1)...contributed to increasing the resource of our two main areas. AND 2).....more importantly, from this weeks news 3 NEW GOLD ZONES HAVE BEEN LOCATED WEST OF ORENADA
Comment by
Currower on Apr 11, 2018 7:33pm
The problem is that we have to depend on the kindness of strangers. Eric Sprott Sean Boyd and the BOD. None of who seem to be interested in driving up the sp. GLTAL
Comment by
brandy2000 on Apr 11, 2018 8:12pm
In the mean time Let’s hope National Instrument 51-201 Which prohibits companies from posting on chat rooms and bulletin boards works to protect AZX shareholders. With the price pegged at .085 is there maybe a possible glint of violation at Stockhouse. Regulators should now be watching!
Comment by
mystique1 on Apr 11, 2018 9:26pm
There are still outstanding results from 5 drill holes that showed visible gold traces in the cores. Thing to remember, visible gold means exactly that - visible gold. THAT DOESNOT MEAN BONANZA GRADE.......ONLY THE ASSAY WILL DETERMINE GRADE. It is however encouraging tha gold was visible.
Comment by
mystique1 on Apr 11, 2018 9:37pm
Also interesting is that two of the new zones, Airport and Centremaque, are 2.5km and 2km, west of ORENADA. What potential is there for the area between Airport/Centremaque/Orenada? Are the areas connected or just pockets?
Comment by
Lejefegrande on Apr 12, 2018 9:54am
This post has been removed in accordance with Community Policy
Comment by
Currower on Apr 14, 2018 8:26pm
I don't understand why you don't think I agree with you Shylock. I just hope that it isn't Alexandria shareholders who give a pound of flesh. GLTAL