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Bullboard - Stock Discussion Forum Azimut Exploration Inc V.AZM

Alternate Symbol(s):  AZMTF

Azimut Exploration Inc. is a Canada-based mineral exploration company. The Company holds the mineral exploration portfolio in Quebec. The Company’s projects include Elmer, JB Lithium, JB Nickel and Wabamisk. Its wholly owned flagship Elmer Gold Project is advancing to the initial resource stage in the James Bay region. The Elmer property is located in the central region of the La Grande... see more

TSXV:AZM - Post Discussion

Azimut Exploration Inc > Sept 15, last news on Elmer. Gotta be close now!!
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Post by redbarchetta on Nov 05, 2020 10:06am

Sept 15, last news on Elmer. Gotta be close now!!

We have to be close to a NR for these remaining 23 holes, now that the election is out of the way, and the stimulus package comes back into focus. Whichever way you slice it, rising Cov19 rates in Europe and NA will necessitate that it gets done, and that more deficits get approved by world govt's which is the overall foundation for a much higher move in gold as we're seeing today.
I suspected that AZM would wait to release news, anticipating that any NR's prior to the election would receive little fanfare, and would likely have been taken as a selling opp for alot of shareholders.
I for one am still hopeful that Elmer will deliver solid news in these next 23 holes, and that a multi-million once deposit will come back into focus for shareholders, which will ultimately drive the price back to the financing price of $1.80.  How successful the intercepts and grades are in the step-outs of the known deposit footprint at Elmer will determine how much of a pop we get.  
I think I speak for all shareholders when I say, better communication of the drill results, even prior to assays being released would go a long way in helping establish greater interest/volume for AZM, i.e., much the way GNG has done with their Red Lake project.  https://goldengoliath.com/properties/canada/kwai/
They have provided regular updates almost weekly of what the cores look like (photos of alteration, quartz veins, etc) and it's helped me get many a player into GNG.
One of my buddies who is long 100K shares of AZM took a 500K share position in GNG, so good honest progressive management styles definitely get rewarded in this bull market. 
Anyways, hoping JML reads my post and considers this.
Still hopeful in him and his newly beefed up team for multiple significant discoveries in Elmer and Pikwa.
Now let's get this share price rolling again!
Comment by Goaweigh on Nov 06, 2020 10:50am
The object of this whole exercise is to find an economic orebody, it isn't to attract and entice ignorant investors into buying hundreds of thousands of shares based on pretty pictures of core that haven't been determined to contain ore grade material. Show me core with massive amounts of gold AFTER it's assayed which is what GBR does, otherwise it's just meaningless BS. We all ...more  
Comment by Torlom2020 on Nov 06, 2020 4:30pm
Such meaner volume these past 2 weeks. Everyone is afraid to buy more at these low prices, me included, and everyone is waiting to sell at $3, $4 and more! we need some news releases or else this will drift much lower with year-end stock selling. Mutual funds lock in their distributions to unit holders as at November 30. If some hold stock, we could see some strong selling, IMO.
Comment by Servette on Nov 08, 2020 4:44am
Even at 10$ I will not sell, if they find what we all hope. There should be from what I hear a lot of news in the coming weeks.   
Comment by Paray99 on Nov 09, 2020 11:02am
  Good luck! let us hope some good news come up in next couple of weeks.
Comment by BobMabena on Nov 09, 2020 4:47pm
It's getting riduculous now,  they must have the remaining results already but for whatever reason they are stalling on releasing the details.   Volume also suggests that most buyers or sellers are waiting on news.   Great news would be hard to contain so I would think we would see an under current of volume if the assays were screaming buy. My guess is they are ...more  
Comment by MoonWatcher on Nov 09, 2020 5:48pm
I believe 15 of the remaining holes were only sent to the lab at the end of Sept, so 7-8 weeks turn around time seems we still need to wait a couple of weeks. Pikwa I doubt we will hear about till mid Dec at the earliest. The expectations and sentiment have been hit hard, mgmt should not have been talking about a possible 5M ounces from the beginning without being aggressive with their drill ...more  
Comment by givemeabreak1 on Nov 10, 2020 1:09am
Damn only 5 million ounces my bad thought it was 50 million ounces based on the $10 price target!  
Comment by Servette on Nov 10, 2020 5:33am
At 10$ AZM has a ridiculous valuation of 700 mio We surely not need shareholders like, so better you stay outside
Comment by Paray99 on Nov 10, 2020 4:57pm
  only one thing can happen with silence.... the cores came out without a metallic look. Assays are the second thing. The trading activity actually ramp up right from the time when someone sees the core... We fools come to know everything at the end! 
Comment by Servette on Nov 09, 2020 6:13pm
Nice  Input!  I would add that if labs dont provide results becoz they are overloaded, its not the fault of Azm. Cant tell where the next move will be, Im adding up each day, lets hope I /we can soon see again prices around at least 2$.