Monday, February 25, 2008

Azumah Resources (AZM.ASX)

About a year ago I downgraded my expectations of this stock. The results to date have been slightly better than I expected, nevertheless the company remains on my watch list only. They have $3.1 million in cash. Whilst I have little doubt there will be a mine in this area, I dont think it will be such a lucrative entry into the market without some more promising discoveries. See Google Finance or my Google forum.
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Andrew Sheldon www.sheldonthinks.com

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