All eyes on AZS going into a trading halt this morning regarding a material update to the current change of control transaction. Have SQM pulled out, or perhaps raised their initial offer in an attempt to secure that project? The company was still expecting drilling results to flow in during this period, which, if positive, may have changed the ‘independent experts’ mind on it being a fair and reasonable deal?
Also, it’s been 2 months since the article around Phoenix was released in The Australian. East Brawley was described as receiving ‘intense competition from big companies around the world to partner with the company or potentially buy it out’ at that point in time. 2 months on, you’d imagine we would be close now!!!
