Ann: Completion and Results of Share Purchase Place, page-131

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MrLong2019

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18/09/23

16:08

Post #: 69903247
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Originally posted by mrplough: ↑

You should have the shares in your account tomorrow I believe.

As stocks are usually sold down to the CR price, I’m surprised this didn’t happen earlier than today. $2.40 should in theory, set a floor for the SP from here, as those allocated shares become tradable. It’s held up very well considering.

I think today’s ANN has been quite strategically timed (within asx guidelines of course). News will flow continuously over the coming months. A quick tree shake assist to get rid of the weak hands.

Big shout out to @WowVeryJosh for his brilliant analysis as usual. At 134MT or thereabouts likely at TA1 alone, that’s pretty much a Liontown size deposit on its own right there. And we have 15 months more drilling scheduled. This beast will be massive.

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If one assumes there’s 134mt at TA1, perhaps the market could overlook weakness at TA2.

So I’ve moved on. Awaiting TA3 to be drilled and I’d be happier if they targeted some additional zones too. Tony mentioned there were around 15, though it’s unclear as to when they’ll be drilled or what they’d encompass.

Last edited by MrLong2019: 18/09/23

AZS Price at posting: $2.51 Sentiment: Sell Disclosure: Held
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0 Great analysis

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Ann: Completion and Results of Share Purchase Place, page-131

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