Anyone know why Azumah (AZM) has been hit?

Kansas21

Kansas21

Member
Silver Stacker
Been looking at Azumah - & unless I missed something (obviously that's the case) it just plummeted from 21c to 12.5 on large volume spike, can't see anything in last announcement that justify's this (have not checked yet to see if it equates to a resource downgrade) - if someone who is a bit more on the ball has any thoughts would be interested in knowing them

Cheers
 
I am pissed about that, yesterday bought 6000 shares @ 0.17. then later on in the day dropped. Not big money, but typical of my share market experience :)
Another one was back in 2005 or thereabouts. I bought one day, next trading day the market crashed and the day after that "Red October" was on the front page.
 
If ya find anything SilverSanchez definately courious as I've done similar to LovingtheSilver with Lynas (got the timing stuffed up) - still there are good days - and the long run is more my game anyhow.
 
In case anyone is interested - Alex Cowie (from Port Phillip Publishing) has stated the drop was due to dissappointment of AZM's Definative Feasability Study - costs expected were higher and scale lower etc.
 
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