AZM

A 'long' time ago, CDU made its JORC resource statement and the market punished its capitalization because, after all the hype and how good the drilling results were, it was far below expectation.  But it has redeemed itself because with further exploration successes and positive progress made in the production side, its share price has grown.

The first part history of CDU is repeated in AZM.  The JORC resource was way below what was expected so the share price plummeted.  Here you have the board giving you the impression that a large gold deposit has been discovered and then showing much lesser amount of gold present.  While CDU has improved markedly, AZM has not come up with anything positive repeatedly.  Hence its share price is at its low.  We rely a lot on the board to perform and be honest with their drilling results.

Because it has been wallowing in the trough, there is no point selling.  In fact, if positive news appears, then it might be worth re-accumulating... with caution (ie if the market totally ignores it), just like with CDU.  I like cheap entry into any stocks.