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$3.69 azure minerals limited

Ann: Andover Delivers More Outstanding Lithium Results, page-172

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jimjim1

828 Posts.

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19/09/23

17:13

Post #: 69920763
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Originally posted by mrplough: ↑

It will be interesting to see how LTR plays out. I can’t see the FIRB allowing a Chilean company to buy them out. Nor do I see the board really wanting to sell at that lowball price. I think they are cleverly playing Albermarle.

A more likely scenario is they are sold to a bigger Australian concern. RIO and Gina seem to be waking from their slumbers. Plenty of other large miners wanting to get in on the Li story. M&A activity is hotting up in the Li space. I’d be very surprised if LTR wasn’t sold to an Australian company for $5+, or indeed go mining themselves.

The way TA1 is expanding to the west and at depth, it looks to be an LTR size deposit in itself. And don’t forget, it’s one of 20 target areas we’re drilling over the next 15 months.

It’s a salivating scenario!

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I wouldn't be surprised to see Mr Creasy's 40% go to RIO, Gina or Chris. Price tag as it stands now is $1 Billion.

AZS Price at posting: $2.60 Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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