Short Term Trading Weekend Lounge: 15 - 17 July, page-156

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    STTCOMP AZS FA long
    Azure Minerals .... Copper, silver Mexico
    MC $65M
    Recent CR raised $17M
    Shares ~ 1,625M SP 0.04

    Reason for tipping .... News flow has begun. AZS released a report on metallurgy during the week [Au/Ag] which shows ore is easily processed. Drill results and assays should start appearing next week. 3 drill rigs working on site. [Also, AZS has a copper JV with Rio on another tenement in Mexico and no news is flowing... maybe some tidbits in the 1/4ly?]
    Negatives ... SP has been trading in a tight range for many weeks on high volume. Analysis on the AZS thread [broker data] is showing sellers are mostly Pattersons clients [bought in the CR?] and buyers seem to be Nth American interests. So, price is being churned and accumulation is happening which might continue for some time yet. ... all depends on the quality of the drill reports ... good results should kick it into a higher trading range.
 
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