Ann: Becoming a substantial holder, page-74

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Ragshak

2,598 Posts.

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29/10/23

12:37

Post #: 70598793
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Originally posted by calmbeforestorm: ↑

I agree with your views. If TA3 ends up of a similar size to TA1 then the $3.50 takeover price may look cheap in a few months. We will probably have a reasonable idea how TA3 is looking by Christmas - which is about the same timeframe from the first assays on 13 June to early August for TA 1 to be seen as having potential as a 100mt+ resource assuming first assays are received in the next 7-10 days for TA3. On 9 June AZS SP was 62.5c and by 4 August it was $2.66 - I am not suggesting if TA3 looks like being potentially of a similar size as TA3 that the SP will increase by a factor of 4 but it may increase and be at $3.50 or above with out a takeover bid making the bid price to feel too low - I believe the prior bid SP of $2.44 had a fair bit included for a decent TA 3 resource but not anything like the size of TA1.

All speculation on my part but let’s see what TA3 assays brings us over the next 2 months. Will TA1 + TA3 end up double LTR’s resource size - who knows as it’s all a bit of a game.

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the SP momentum from assays AZS has displayed this year just adds to the notion that anyone who is serious about controlling this resource need a knockout price to have a chance at success. If one was to argue $3.52 was a knockout price, it means TA3 is set to deliver, but by just how much is the real question. Gina soaked up 18% of available shares in two days, so people after quick profits have left, and the top 20 now holds around 70%, the register is tighter than it has ever been

AZS Price at posting: $3.50 Sentiment: None Disclosure: Held
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0 Great analysis

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