Ann: Binding Transaction Implementation Deed with SQM, page-241

It amazes me that the pre-talk before the $3.50 bid was known, the main thread of conversation was how cheap it would be for SQM to obtain AZS for below $4.00. Yet when the bid comes in at $3.50 so many scramble for the exit.

Then when a potential counter bid starts to emerge (who is Australian and pays Australian taxes) you paint the person as a destroyer. I'm surprised and disappointed at the same time. For those who are complaining and can't stand the heat sell up now and leave the AZS thread.

For myself I was investing in stocks when Shell (foreign company) was trying to take over Woodside Petreloum in 2001 for around $10 billion. Peter Costello (the treasurer at the time) blocked the takeover under the FIRB rules. As a result Woodside stayed alive and prospered.

In my opinion for SQM to succeed, their biggest stumbling block will be the FIRB. And as the Govt has just committed $2billion to encourage Australian miners in developing material for the renewable industry I would expect the FIRB to be asleep at the wheel to allow this deal to go through.

If AZS stays alive it will prosper and sets its sights on the target prices expected by the likes of the Bell Porter anaylsis. If a takeover is inevitable my fingers are crossed for a substantially higher price than $3.50 and a bidding war will cuase that. And on that matter I ask the punters to review the bidding war on Warrego Energy which Gina was involved in and won. View the news articles from Dec 2022 to Feb 2023 The first bid was $0.186 by Strike Energy. Gina eventually won the bidding war with a bid at $0.36.