Beitrag aus dem HC
WOW.... 2 very positive things have happened for AZM in the last 24 hours...
#1 - United Nations envoy to Ivory Coast says the conflict in the country is over and incumbent president Laurent Gbagbo will leave.
#2 - Azumah Resources Limited (ASX: AZM) is pleased to report that it has received more outstanding results from infill drilling at its flagship 1.2 million-ounce Wa Gold Project in north-west Ghana providing further confidence this will lead to a resource upgrade in coming months ... Read more@:
www.mineweb.com/mineweb/view/mineweb/en/...tail&pid=102055________________
#1 is the BIG news.. the political unrest created political risk for investors which saw the SP slide back from the high 70's to the high 50's - Even in the midst of some excellent drill results. The dissapation of this risk through the restored stability in the region with the instalation of the rightful elected leader should see the SP power back to 80c+ on this news alone.
Now Factor in
#2 and the further confirmation of outstanding infill drill results - and they are outstanding - and again this should be relfected solidly in the SP over the coming months. Not to mention the other inportant snippets of info included in the announcement that should see investors loading up for the outcome of the Feasibility Study due for completion mid-year. Coupled with the fact that AZM has plenty of funds to see out it's agressive drilling campaigne through the end of 2012... I mean really .. you can only imagine what might be proven up if they continue at this rate and this leads me on to
#3 which I've not yet commented on here but sould play a huge part on margin moving forward and future hedge positions.
#3 POG - Price of Gold - Most experts are calling for between USD$2000 to $5000 by 2015 The vibe is that there is a big move to Gold and silver which you would already be aware of due to a heap of factors including those listed here:
www.ehow.com/list_6523762_10-reasons-invest-gold.html__________
The Planets are alligning for AZM and I feel it might leap over $1 before the start of the new financial year and where it goes from there is anyones guess after the feasibility study is revealed.. I suspect it will follow in the footsteps of other big Wa plays and we know what that means. With POG set to sore while the price of digging it up stays the same, you'll see some massive margins appreaing on Gold Miner ballance sheets - particularly to low cost producers as AZM is teeing up to be - so my advise to you is to buy a much fatter wallet and get your friends set early because the big boys are going to be all over this as you can see by the volume that went through today.
GYGT CHOMP
Cheers
Louie