I get the feeling people are thinking Gina's AZS move will smash our SP the way LTR's went down recently. You can't blame Gina for all of LTR's woes. A $375 million capital raising at $1.80 didn't help their cause as cost blow-outs due to inflation and a suppressed lithium price make direct shipping of ore uneconomical. Some posters are asking could Joe blogs and John Smith come in and each buy up another 19.99% each. Well with SQM'S, Mark's,The Germans and now Gina's 18% it makes the register more tightly held and those wanting in now will have to pay heaps more to get in. You would have to think an ASX300 inclusion is a given in the next rebalance and those obliged to buy in will pay more. Actually good to see Gina holding on to some of our Australian resources. Sometimes I feel the government couldn't give a flog and we would be 10 years down the track going through a electric vehicle transition with all our lithium owned by foreign companies. Let's not completely sell the farm, no way China would. TA 3 results due in less than 10 days max, let's see what those shiny drill cores contain. If they are decent , IMO $3.5 is still cheap I mean real cheap.
AZS Price at posting:
$3.50 Sentiment: Buy Disclosure: Held
