azg.v

[cugir321]

Any thoughts on this penny stock?

[Frelodr]

Got to make you wonder on a day when all other mining stocks went down. I did read a press release from the 27th of May. Here is a paragraph from it:

The Company also wishes to announce that it contemplating a term loan of as much as US$ 600,000 to cover near-term drilling and assaying costs at its Two Mile Project. "Given that assay results from the intersection of our initial and perhaps subsequent targets at hole DDH-006 are due back relatively soon, management believes that it would serve shareholders best to avoid an additional equity raise at this time," said Mr. Russell. "We have a broad shareholder base that collectively holds over $30 million worth of outstanding warrants, many of which are not far out of the money at this time. Management also believes it is reasonable to assume loan repayment out of warrant exercise."

Lodr

[cugir321]

.25 thursday, .395 today......penny stock. AZG.v

Guess we all missed out.

....thanks for the help folks!

I do thank you frelodr for the reply.

Got to make you wonder on a day when all other mining stocks went down. I did read a press release from the 27th of May. Here is a paragraph from it:

The Company also wishes to announce that it contemplating a term loan of as much as US$ 600,000 to cover near-term drilling and assaying costs at its Two Mile Project. "Given that assay results from the intersection of our initial and perhaps subsequent targets at hole DDH-006 are due back relatively soon, management believes that it would serve shareholders best to avoid an additional equity raise at this time," said Mr. Russell. "We have a broad shareholder base that collectively holds over $30 million worth of outstanding warrants, many of which are not far out of the money at this time. Management also believes it is reasonable to assume loan repayment out of warrant exercise."

Lodr

[cugir321]

anybody care to comment....still wondering....will it continue? How do you gauge a penny stock like this?

[Boot]

Here's that warrant structure. Pretty heavy on insiders.

Capitalization
(Unaudited as of 4/17/09)

Issued and Outstanding Shares: 179,919,564
(Shares in Escrow - 11,002,500)

Warrants Outstanding - @ CAN$0.50 per share 16,554,665 (Insiders Own: .89%)
@ CAN$0.70 per share 10,175,581 (Insiders Own: .59%)
@ CAN$0.88 per share 6,845,949 (Insiders Own: 0%)
@ CAN$0.35 per share 5,572,407 (Insiders Own: 5.47%)
@ CAN$0.25 per share 43,799,705 (Insiders Own: 64.9%)

Options Outstanding - @ CAN$0.50 per share 4,200,000
@ CAN$0.75 per share 1,000,000
@ CAN$0.77 per share 1,000,000
@ US$0.40 per share 297,365
@ US$0.70 per share 600,000
@ CAN$0.88 per share 103,291
@ CAN$0.25 per share 600,000

Fully Diluted: 270,668,527
Heres a presentation about Two Mile: http://www.azteca-au.com/_resources/Two_Mile_Project_Presentation-April_09.pdf

[MasterQ]

anybody care to comment....still wondering....will it continue? How do you gauge a penny stock like this?

Penny stocks are for suckers. I'm sorry for the strong statement but truly they are ALWAYS heavily inside traded and just when you get in the rug gets pulled out from under you.

They are meant to lure you in so they can get their gains and then get out so your left holding maybe a 1/5 of what you put in.

Good luck though. There are people still selling bridges too I think.

:P

-Q

[cugir321]

Actually this stock looks like the one David Morgan was talking about in one of his posts.

He didn't come out and name it but others named it because of their ore surveys.

Penny stocks are for suckers. I'm sorry for the strong statement but truly they are ALWAYS heavily inside traded and just when you get in the rug gets pulled out from under you.

They are meant to lure you in so they can get their gains and then get out so your left holding maybe a 1/5 of what you put in.

Good luck though. There are people still selling bridges too I think.

:P

-Q

[Boot]

AZTECA GOLD CORP

Azteca is a gold and silver exploration company. Their focus is making new discoveries in past producing districts located in miner-friendly locations: Idaho, Nevada, Alaska, and Mexico. Azteca may move to construction and production, joint ventures, or outright sale on each project as best affects the shareholders. The company is listed under the symbol AZG.V TSX venture and AZGFF.PK with 179,919,564 shares outstanding. The price per share was 44 cents on 06-19-09.

The current property portfolio features the Two Mile JV project, which is located along the Two Mile fault in the historic Silver Valley Idaho. The Marietta Project area is situated in the Marietta Mining District of Mineral County, Nevada.
The Geroe Creek exploration project area is located in northern Alaska 260 miles north of Fairbanks. The Guerra al Tirano (GAT) Silver/Gold Project in the Tèmoris district in the Sierra Madre Occidental located in southwestern Chihuahua State, Mexico.

The Featured 50% owned JV with Silver Royal Apex is the Two-Mile Exploration Project that is situated in the Coeur d’Alene Mining District of Shoshone County, Idaho. This area, popularly known as the Silver Valley, has hosted over 90 historical mines and produced in excess of a billion ounces of silver over the last 120 years of nearly continuous mining history. The project location is sub-alpine, and in low foothills of gentle to moderate terrain. The area receives an annual average of 25 inches of rainfall and 48 inches of snowfall, and the climate is suitable for year-round exploration operations. A trained mining workforce is available in the communities comprising the Silver Valley, and all necessary supplies, equipment and services exist to carry out efficient exploration and mine development work.

Significant intercepts: DDH-005A, an 8,784 FT vertical diamond drill core hole on its Two Mile property located between Murray and Osburn, Idaho. DDH-005A is an NQ-sized core hole collared at approximately 3,650 FT elevation with total depth (“TD”) of 8,784 FT or about 5,134 FT below sea level. The Company believes its main target was intersected beginning at approximately 5,800 FT as disseminated mineralization with intermittent, stockwork veining. At approximately 7,500 FT the stockwork veining increases appreciably and at 7,950 FT the mineralization becomes massive. The massive mineralization continues for approximately 50 FT intermittently, with continuity of the massive mineralization over as large as 10 FT intercepts.
Assayed: 41 contiguous samples through massive and adjacent stockwork veining:
−85.5 feet total, averaging 9.2% Zinc, 2% Lead, and .96 oz per tonne Silver
−Within which is a bed of 37 feet of 18% Zinc, 3.6% Lead, and 1.8 opt Silver
−Which contains a higher-grade bed of 15.5 feet of 40% Zinc, 7.4% Lead, and 4.1 opt. Silver
−Highest individual results attained for each metal: 55.9% Zinc, 44.7% Lead, and 36 opt Silver
The Significance of these Intercepts: The massive sulfide beds discovered at Two Mile, while very similar in thickness to those at the Sullivan ore body, have much higher grades of zinc, silver and lead. They also contain additional metals including gold, copper, gallium, germanium, and indium. Finally, these beds may represent at least a portion of the original source for all of the Silver Valley region’s mineralization, a theory first postulated by the early Bunker Hill geologist O.H. Hershey in 1916.
The Sullivan Mine in Kimberly, B.C.
Closed in 2001 after producing in excess of 130 million tonnes of ore at average grades of 6.9% lead, 5.1% zinc, and 67 grams per tonne (1.95 oz per ton) silver, if discovered today this world-class deposit would be worth tens of billions of dollars at current metals prices.
More Recent Drill Results: The intersection of its initial deep target in hole DDH- 006, which is a Sullivan-style sulfide bed beginning at approximately 10,000 FT and continues to approximately 10,180 FT. The mineralization ranges from disseminated to intermittently massive, and is very fine-grained in nature. Assays are forthcoming, however management believes this intersection may represent a main sphalerite (zinc sulfide) – tetrahedrite (silver-antimony sulfide) zone.
Assets: The net asset value of the Company’s mineral exploration properties as at December 31, 2008 is $17,553,567.

Cash and Cash Equivalents: 183,233 dollars at the end of year. 2.5 Million Dollar financing announced in June.

Risk: (a) Credit risk
Credit risk is the risk of loss associated with the counterparty’s inability to fulfill its payment obligations.
(b) Liquidity risk
Management of the Company is continuously monitoring its working capital position to ensure that funds are raised through equity markets as required.
(c) Currency risk
Currency risk is the risk to the Company's earnings that arise from fluctuations of foreign exchange rates and the degree of volatility of these rates.
(d) Market risk
Market risk is the risk of loss that may arise from changes in the market factors such as interest rates, commodity and equity prices.

Debt: 19 M year end 2008
Share Structure: Fully Diluted 270,668,527.
Warrant Structure: http://www.azteca-au.com/investors/share_structure/


Exploration Plan
“
The next exploration and drilling plans will be to fully evaluate the drill core, sequence of beds and rock types, and other data. The company anticipates drilling wedge-offs from the parent hole DDH-006 for the purpose of developing high-grade mineral resource tonnage immediately adjacent to the hole. Also, with the discovery of this lower series of mineralized beds, they need to evaluate re-entering and deepening hole DDH-005A. This new zone, if it exists in the location of DDH-005A, would be stratigraphically deeper than the TD of 8,784 FT. A reasonable new target TD for DDH-005A at this time would be 9,500 FT. They also plan to initiate one or more new drill holes in other locations contained within our 22 square mile project boundary.

Management
Matthew Russell - President & CEO
John Slizza - Vice President, Finance
http://www.azteca-au.com/corporate/directors_management/


News Releases and other related links:
http://www.azteca-au.com/
2009 IR Report: http://www.azteca-au.com/investors/presentations/
Mineral Reports: http://www.azteca-au.com/_resources/reports/twomile43-101.pdf
Most Recent News Releases:
http://www.azteca-au.com/news/index.php?&content_id=75
Blogs: http://www.stockhouse.com/Bullboards/SymbolList.aspx?s=AZG&t=LIST
http://agoracom.c
Written for Bullion Bulls Canada
Brian "Boot" Boutilier
Disclaimer, I don't own this stock
Get a pan, pick out the color, you figure out how...

[hiyosilver]

If the upmove doesn't close around .54 or more before a downturn, it's likely in a down trend. Also if the downturn breaks below .44 it's confirmed...