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$3.69 azure minerals limited

Ann: Azure Launches $120 million Placement, page-92

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Rockyeps

55 Posts.

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22/08/23

19:05

Post #: 69486080
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Originally posted by calmbeforestorm: ↑

Well worth listening to. Key takeaways are:

- sounds Ike a huge response from institutions to the CR - no wonder the SP is 20% above the CR SP - he stated “the amount of funds offered to the placement was simply incredible”
- lots of interest from institutions from overseas and Australian and he stated “they all want a piece of it”
- he compared the size to Wodgina - 259mt @1.14% and maybe. PLS at 414mt @ 1.17%
- one more DD rig coming making 7 and he stated potentially more rigs coming (I expect more rigs will be acquired over time up to about 12).
- he also stated expect an MRE upgrade in 2024 after the maiden MRE
- he spoke a lot about the work for a SS (I expect it will turn into a PFS at some stage).

My conclusion - SP is likely to soar above $3 and soon.

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Great understanding. Appreciate it.

AZS Price at posting: $2.87 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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